Internal controls (71 - 80 of 529 items)
Agreed-Upon Procedures: Senate Office of Public Records Revolving Fund Fiscal Years 2003-2005
GAO-06-651R: Published: Jun 27, 2006. Publicly Released: Jul 7, 2006.
We performed the agreed-upon procedures requested by the Secretary of the Senate related to receipt and disbursement processing and related procedures applicable to the Office of Public Records Revolving Fund's (the Fund's) fiscal years 2003-2005. In summary, the procedures we agreed to perform involved inspecting supporting documentation for Fund-related receipt and disbursement activities proces...
Government Auditing Standards: 2006 Revision (Exposure Draft)(Superseded by GAO-07-162G)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This publication has been superseded by GAO-07-162GG, Government Auditing Standards: January 2007 Revision.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...
Sarbanes-Oxley Act: Consideration of Key Principles Needed in Addressing Implementation for Smaller Public Companies
GAO-06-361: Published: Apr 13, 2006. Publicly Released: May 8, 2006.
Congress passed the Sarbanes-Oxley Act to help protect investors and restore investor confidence. While the act has generally been recognized as important and necessary, some concerns have been expressed about the cost for small businesses. In this report, GAO (1) analyzes the impact of the Sarbanes-Oxley Act on smaller public companies, particularly in terms of compliance costs; (2) describes res...
United Nations: Internal Oversight and Procurement Controls and Processes Need Strengthening
GAO-06-701T: Published: Apr 27, 2006. Publicly Released: Apr 27, 2006.
The United States has strongly advocated that the United Nations (UN) reform its management practices to mitigate various program and financial risks. The findings of the Independent Inquiry Committee into the Oil for Food Program have renewed concerns about UN oversight, and the 2005 UN World Summit proposed actions to improve the UN's Office of Internal Oversight Services (OIOS). Furthermore, ov...
Internal Control: Improvements Needed in SEC's Accounting and Financial Reporting Procedures
GAO-06-459R: Published: Apr 21, 2006. Publicly Released: Apr 21, 2006.
On November 15, 2005, we issued our report on the U.S. Securities and Exchange Commission's (SEC) fiscal years 2005 and 2004 financial statements and on SEC's internal control as of September 30, 2005. We also reported on the results of our tests of SEC's compliance with selected provisions of laws and regulations during fiscal year 2005. The purpose of this report is to discuss issues identified...
Financial Audit: Independent and Special Counsel Expenditures for the Six Months Ended September 30, 2005
GAO-06-485: Published: Mar 31, 2006. Publicly Released: Mar 31, 2006.
Pursuant to a legislative requirement, GAO audited the expenditures of one office of independent counsel and one office of special counsel for the 6 months ended September 30, 2005.In our audits covering the 6 months ended September 30, 2005, we found (1) the statements of expenditures, for the office of the Independent Counsel David M. Barrett and for the office of Special Counsel Patrick J. Fitz...
Financial Audit: Senate Restaurants Revolving Fund for Fiscal Years 2005 and 2004
GAO-06-363: Published: Mar 31, 2006. Publicly Released: Mar 31, 2006.
GAO contracted with Clifton Gunderson LLP to audit the financial statements of the Senate Restaurants Revolving Fund for fiscal years 2005 and 2004. Clifton Gunderson LLP found that (1) the financial statements were presented fairly, in all material respects, in conformity with U.S. generally accepted accounting principles; (2) the Fund maintained effective internal control over financial reportin...
Financial Audit: American Battle Monuments Commission's Financial Statements for Fiscal Years 2005 and 2004
GAO-06-348: Published: Mar 1, 2006. Publicly Released: Mar 1, 2006.
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, 2005, and 2004. The audits were done to determine whether, in all material respects, (1) the Commission's financial statements...
Financial Audit: Restatements to the Department of Agriculture's Fiscal Year 2003 Consolidated Financial Statements
GAO-06-254R: Published: Jan 25, 2006. Publicly Released: Jan 25, 2006.
The Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget (OMB), is required to annually prepare and submit audited financial statements of the U.S. government to the President and Congress. We are required to audit these consolidated financial statements (CFS) and report on the results of our work. An issue meriting concern and close scrutiny that eme...
Financial Audit: Restatements to the National Science Foundation's Fiscal Year 2003 Financial Statements
GAO-06-229R: Published: Dec 22, 2005. Publicly Released: Dec 22, 2005.
The Secretary of Treasury, in coordination with the Director of the Office of Management and Budget (OMB), is required to annually prepare and submit audited financial statements of the U.S. government to the President and Congress. We are required to audit these consolidated financial statements (CFS) and report on the results of our work. An issue meriting concern and close scrutiny that emerged...