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Accounting systems (31 - 40 of 124 items)
Policy and Procedures Manual for Guidance of Federal Agencies
148815: Feb 1, 1991
GAO published a manual containing: (1) accounting principles, standards, and related requirements for federal agencies' development of accounting systems and internal auditing programs; (2) uniform procedures for use by federal agencies; and (3) regulations that govern the relationship between GAO and other federal agencies, and with individuals and private concerns doing business with the governm...
Financial Audit: Financial Reporting and Internal Controls at the Air Force Systems Command
AFMD-91-22: Published: Jan 23, 1991. Publicly Released: Jan 23, 1991.
GAO provided information on the Air Force Systems Command's (AFSC) financial management operation, focusing on AFSC need for improved internal controls and financial reporting.GAO found that: (1) AFSC trial balances for fiscal year (FY) 1988 and FY 1989 were substantially incomplete and inaccurate, resulting in unreliable financial reports and statements; (2) AFSC product divisions failed to promp...
Financial Management: Problems in Accounting for DOD Disbursements
AFMD-91-9: Published: Nov 9, 1990. Publicly Released: Nov 9, 1990.
GAO reviewed the military services' accounting problems with cross-disbursements, focusing on cross-disbursements that the Department of State made on behalf of the services.GAO found that: (1) the services' failure to use uniform financial information caused serious problems in accounting for disbursements; (2) the use of nonstandard data made the processing of cross-disbursement transactions ext...
Foreign Military Sales: Air Force Efforts to Develop an FMS Accounting System
AFMD-90-82FS: Published: Aug 8, 1990. Publicly Released: Sep 7, 1990.
Pursuant to a congressional request, GAO evaluated the Department of Defense's progress in implementing Foreign Military Sales (FMS) accounting system improvements, focusing on the status of the Air Force's efforts to design, develop, and implement a new central FMS accounting and billing system.GAO found that: (1) the Air Force designated its audit agency and a new management office to oversee th...
Financial Management: Army Records Contain Millions of Dollars in Negative Unliquidated Obligations
AFMD-90-41: Published: May 2, 1990. Publicly Released: May 2, 1990.
Pursuant to a congressional request, GAO reviewed the Army Materiel Command's (AMC) procedures to monitor outstanding negative unliquidated obligations (ULO) related to supply and equipment inventory purchases.GAO found that: (1) six major subordinate commands had negative ULO balances totalling about $328 million; (2) commands did not always resolve negative balances promptly; (3) coordination pr...
Financial Audit: Farmers Home Administration's Losses Have Increased Significantly
AFMD-89-20: Published: Dec 20, 1988. Publicly Released: Dec 20, 1988.
GAO examined the Farmers Home Administration's (FmHA): (1) financial statements for the year ended September 30, 1987; (2) internal accounting control system; and (3) compliance with laws and regulations.GAO found that, although the financial statements presented fairly the FmHA financial condition, FmHA: (1) had a significantly deteriorating financial condition, with an accumulated deficit of $36...
Commodity Certificates: Backlog of 200,000 Unreconciled Certificates Affects Financial Reporting
RCED-89-14: Published: Oct 25, 1988. Publicly Released: Oct 25, 1988.
Pursuant to a congressional request, GAO investigated: (1) the size of the backlog in redeemed commodity certificates that the Agricultural Stabilization and Conservation Service (ASCS) has not reconciled to issuance records; (2) ASCS plans for resolving the backlog; and (3) the extent to which the Department of Agriculture (USDA) has achieved a mandated $230-million reduction in storage, transpor...
Financial Management: Continued Top Management Support Needed to Improve HHS' Accounting Systems
AFMD-88-37: Published: Sep 29, 1988. Publicly Released: Sep 29, 1988.
GAO reviewed the Department of Health and Human Service's (HHS) financial management environment and its effectiveness in accounting for and controlling funds and other resources and reporting on its operations.GAO found that the current HHS accounting systems did not effectively account for and control its resources, since: (1) there were unexpended fund balance differences of over $3 billion bet...
Financial Audit: Federal Home Loan Bank Board's 1987 and 1986 Financial Statements
AFMD-88-67: Published: Aug 24, 1988. Publicly Released: Aug 24, 1988.
GAO examined the Federal Home Loan Bank Board's (FHLBB): (1) financial statements for the years ended December 31, 1987 and 1986, and the related statements of income expenses and retained earnings, and the changes in financial position for the years then ended; (2) system of internal accounting controls; and (3) compliance with laws and regulations.GAO found that: (1) in September 1987, FHLBB ret...
Financial Audit: Panama Canal Commission's Financial Statements for 1987 and 1986
AFMD-88-40: Published: May 12, 1988. Publicly Released: May 12, 1988.
GAO examined the Panama Canal Commission's (PCC) statement of its financial position as of September 30, 1987 and 1986, and the related statements of operations and non-interest-bearing investment, the changes in the U.S. government's investment, the changes in financial position, and the status of appropriations for the years then ended.GAO found that PCC did not obtain regulatory approval in adv...