Federal agency accounting systems (51 - 60 of 882 items)
Financial Management: Financial Management Challenges Remain at the Department of Education
T-AIMD-00-323: Published: Sep 19, 2000. Publicly Released: Sep 19, 2000.
Pursuant to a congressional request, GAO discussed financial management at the Department of Education, focusing on: (1) Eduction's current financial management status as evidenced by its fiscal year (FY) 1999 financial audit results and the corrective actions it has taken to resolve weaknesses identified in that audit; and (2) the relationship between the audit findings and the potential for wast...
Indian Trust Funds: Improvements Made in Acquisition of New Asset and Accounting System But Significant Risks Remain
AIMD-00-259: Published: Sep 15, 2000. Publicly Released: Sep 15, 2000.
Pursuant to a congressional request, GAO evaluated the Department of the Interior's effort to acquire and develop its new Trust Asset and Accounting Management System (TAAMS), focusing on: (1) actions Interior has taken in response to GAO's previous reviews and recommendations; and (2) the business and technical risks and challenges still confronting Interior as it begins to deploy TAAMS.GAO noted...
Financial Management: Financial Reporting Issues Related to the Navy's Direct Vendor Delivery Initiative
AIMD-00-312R: Published: Sep 13, 2000. Publicly Released: Sep 13, 2000.
GAO provided information on how a Direct Vendor Delivery (DVD) contract would affect the Navy's financial reporting, focusing on: (1) whether accounting and auditing standards would require DVD contractors to report individual transactions through the Transaction Item Reporting (TIR) system; and (2) what level of reporting would be required under a DVD contract to meet accounting and auditing stan...
Financial Management: Review of Education's Grantback Account
AIMD-00-228: Published: Aug 18, 2000. Publicly Released: Aug 18, 2000.
Pursuant to a congressional request, GAO reviewed the Department of Education's grantback account.GAO noted that: (1) as a result of financial management system deficiencies, inadequate systems of funds control, and manual internal control weaknesses that GAO and other auditors have identified and the manner in which the grantback account was used, there is increased risk of fraud, waste, and mism...
Internal Controls: Disbursement Processing Controls Need Improvement
AIMD-00-236R: Published: Aug 7, 2000. Publicly Released: Aug 7, 2000.
Pursuant to a legislative requirement, GAO provided information on the Financial Management Service's (FMS) controls over safeguarding of assets and documenting disbursements and reconciliation of reports as well as the results of previously suggested improvements.GAO noted that: (1) testing of manual controls and procedures indicated weaknesses related to the safeguarding of vulnerable negotiable...
Department of Defense: Implications of Financial Management Issues
T-AIMD/NSIAD-00-264: Published: Jul 20, 2000. Publicly Released: Jul 20, 2000.
Pursuant to a congressional request, GAO discussed financial management issues at the Department of Defense (DOD).GAO noted that: (1) to date no major part of DOD has yet been able to pass the test of an independent audit--auditors consistently have issued disclaimers of opinion because of pervasive weaknesses in DOD's financial management systems, operations, and controls; (2) such problems led G...
Management Letter: Suggested Improvements in IRS' Accounting Procedures and Internal Controls
AIMD-00-162R: Published: Jun 14, 2000. Publicly Released: Jun 14, 2000.
Pursuant to a legislative requirement, GAO provided information on the results of the Internal Revenue Service's (IRS) financial statements and on the effectiveness of its internal controls for fiscal year (FY) ending September 30, 1999.GAO noted that: (1) GAO found weaknesses in IRS' accounting procedures for certain assets purchased in one year but used for a multi year period; (2) IRS corrected...
Financial Audits: American Battle Monuments Commission
T-AIMD-00-211: Published: Jun 6, 2000. Publicly Released: Jun 6, 2000.
Pursuant to a congressional request, GAO discussed the American Battle Monuments Commission's (ABMC) financial statements audits, focusing on: (1) the legislative initiatives that were designed to improve financial management across the federal government; (2) the history of ABMC's financial accountability, focusing specifically on the World War II memorial fund; and (3) the results of GAO's most...
Financial Management: Agencies Face Many Challenges in Meeting the Goals of the Federal Financial Management Improvement Act
T-AIMD-00-178: Published: Jun 6, 2000. Publicly Released: Jun 6, 2000.
Pursuant to a congressional request, GAO discussed the challenges most of the major federal department agencies face in meeting the basic expectations laid out in the Federal Financial Management Improvement Act of 1996 (FFMIA), focusing on: (1) problems with agencies' systems that prevent them from meeting the expectations of FFMIA; (2) how agencies are able to receive a "clean" audit opinion on...