Auditing standards (71 - 80 of 923 items) in Custom Date Range
Financial Audit Manual: Volume Three, Exposure Draft, June 2007 (Superseded by GAO-07-1173G)
GAO-07-313G: Published: Jun 29, 2007. Publicly Released: Jun 29, 2007.
This publication has been superseded by GAO-07-1173G, Financial Audit Manual: Volume Three, August 2007.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 account...
Tax Compliance: Challenges in Ensuring Offshore Tax Compliance
GAO-07-823T: Published: May 3, 2007. Publicly Released: May 3, 2007.
Offshore tax evasion is difficult for the Internal Revenue Service (IRS) to address. IRS examines tax returns to deal with offshore evasion that has occurred. IRS's Qualified Intermediary (QI) program seeks to foster improved tax withholding and reporting. GAO was asked to testify on two topics. First, GAO was asked to provide information on (1) the length of, and assessments from, IRS's examinati...
Financial Audit: Independent and Special Counsel Expenditures for the Six Months Ended September 30, 2006
GAO-07-531: Published: Mar 30, 2007. Publicly Released: Mar 30, 2007.
This report presents the results of our audits of expenditures reported by one office of independent counsel and one office of special counsel for the 6 months ended September 30, 2006. The Department of Justice and the independent counsels are required under 28 U.S.C. 594 (d)(2), (h) and 596 (c)(1) to report on a semiannual basis the expenditures from a permanent, indefinite appropriation establi...
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...
U.S. Insular Areas: Economic, Fiscal, and Financial Accountability Challenges
GAO-07-119: Published: Dec 12, 2006. Publicly Released: Dec 12, 2006.
The U.S. insular areas of American Samoa, the Commonwealth of the Northern Mariana Islands (CNMI), Guam, and the U.S. Virgin Islands (USVI), face long-standing economic, fiscal, and financial accountability challenges. GAO was requested to identify and report on the (1) economic challenges facing each government, including the effect of changing tax and trade laws on their economies; (2) fiscal co...
Understanding Similarities and Differences Between Accrual and Cash Deficits
GAO-07-117SP: Published: Dec 1, 2006. Publicly Released: Dec 1, 2006.
Two key measures that have been used as indicators of the government's annual fiscal condition are the unified budget deficit measured primarily on a cash basis and the net operating cost measured on an accrual basis for financial statement purposes. The unified budget deficit has historically been the focus of budget debates and media reports in part because it closely approximates the government...