Financial statements (31 - 40 of 355 items)
Financial Audit Manual: Volume Three, August 2007 (Supersedes GAO-07-313G)
GAO-07-1173G: Published: Aug 28, 2007. Publicly Released: Aug 28, 2007.
This publication supersedes GAO-07-313G, Financial Audit Manual: Volume Three, Exposure Draft, June 2007. The U.S. Government Accountability Office (GAO) and the President's Council on Integrity and Efficiency (PCIE) maintain the GAO/PCIE Financial Audit Manual (FAM). The FAM provides guidance for performing financial statement audits of federal entities. The FAM is a key tool for enhancing accoun...
Financial Audit: Capitol Preservation Fund's Fiscal Years 2005 and 2004 Financial Statements
GAO-07-335: Published: Mar 13, 2007. Publicly Released: Mar 13, 2007.
GAO audited the statements of financial position of the Capitol Preservation Fund (the Fund) as of September 30, 2005, and 2004, and the related statements of activities and cash flows for the fiscal years then ended.We found that (1) the financial statements are presented fairly, in all material respects, in conformity with U.S. generally accepted accounting principles; (2) no material weaknesses...
Financial Audit: Senate Restaurants Revolving Fund for Fiscal Years 2006 and 2005
GAO-07-462: Published: Mar 13, 2007. Publicly Released: Mar 13, 2007.
As requested, GAO provided for audits of the financial statements of the U.S. Senate Restaurants Revolving Fund (the Fund) for the fiscal years ended September 30, 2006, and 2005, by contracting with the independent public accounting firm of Clifton Gunderson LLP.In its audit of the Fund, Clifton Gunderson, LLP reported that the financial statements were presented fairly, in all material aspects,...
Financial Audit: American Battle Monuments Commission's Financial Statements for Fiscal Years 2006 and 2005
GAO-07-321: Published: Mar 1, 2007. Publicly Released: Mar 1, 2007.
In accordance with 36 U.S.C. 2103, GAO is responsible for conducting audits of the agencywide financial statements of the American Battle Monuments Commission (the Commission). GAO audited the financial statements of the Commission for the fiscal years ended September 30, 2006, and 2005. The audits were done to determine whether, in all material respects, (1) the Commission's financial statements...
Office of Special Trustee for American Indians: Financial Statement Audit Recommendations and the Audit Follow-Up Process
GAO-07-295R: Published: Jan 19, 2007. Publicly Released: Feb 6, 2007.
In 1994, Congress enacted the American Indian Trust Fund Management Reform Act, Pub. L. No. 103-412, recognizing the federal government's fiduciary responsibilities toward American Indians. The act called for more effective management of the Department of the Interior's (Interior) fiduciary responsibilities, required an annual audit of Indian trust funds, and created the Office of Special Trustee...
Government Auditing Standards: January 2007 Revision (Superseded by GAO-07-731G)
GAO-07-162G: Published: Jan 31, 2007. Publicly Released: Jan 31, 2007.
This publication has been superseded by GAO-07-731G, Government Auditing Standards: July 2007 Revision. This is the Government Auditing Standards 2007 version. This document outlines standards that contain requirements for auditor reporting on internal control. This revision supersedes the 2003 revision...
Financial Audit: Securities and Exchange Commission's Financial Statements for Fiscal Years 2006 and 2005
GAO-07-134: Published: Nov 15, 2006. Publicly Released: Nov 15, 2006.
Established in 1934 to enforce the securities laws and protect investors, the Securities and Exchange Commission (SEC) plays an important role in maintaining the integrity of the U.S. securities markets. Pursuant to the Accountability of Tax Dollars Act of 2002, the SEC is required to prepare and submit to Congress and the Office of Management and Budget audited financial statements. GAO agreed, u...
Financial Audit: IRS's Fiscal Years 2006 and 2005 Financial Statements
GAO-07-136: Published: Nov 9, 2006. Publicly Released: Nov 9, 2006.
Because of the significance of Internal Revenue Service (IRS) collections to overall federal receipts and, in turn, to the consolidated financial statements of the U.S. government, which GAO is required to audit, and Congress's interest in financial management at IRS, GAO audits IRS's financial statements annually to determine whether (1) the financial statements are reliable and (2) IRS managemen...
Financial Restatements: Update of Public Company Trends, Market Impacts, and Regulatory Enforcement Activities
GAO-06-678: Published: Jul 24, 2006. Publicly Released: Aug 1, 2006.
In 2002, GAO reported that the number of restatement announcements due to financial reporting fraud and/or accounting errors grew significantly between January 1997 and June 2002, negatively impacting the restating companies' market capitalization by billions of dollars. GAO was asked to update key aspects of its 2002 report (GAO-03-138). This report discusses (1) the number of, reasons for, and o...
Government Auditing Standards: 2006 Revision (Exposure Draft)(Superseded by GAO-07-162G)
GAO-06-729G: Published: Jun 1, 2006. Publicly Released: Jun 1, 2006.
This publication has been superseded by GAO-07-162GG, Government Auditing Standards: January 2007 Revision. This is the Exposure Draft of the Government Auditing Standards 2006 revision. This document outlines standards that contain requirements for auditor reporting on internal control. The revision supersedes the 2003 revision...