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Accounting systems (51 - 60 of 124 items)
Financial Management: More Controls Needed Over Army's Obligation of Funds
AFMD-87-18: Published: May 14, 1987. Publicly Released: May 14, 1987.
GAO assessed the Army's efforts to prevent improper obligations of customers' operation and maintenance (O&M) funds by industrial fund activities.GAO found that, of the $3.3 million in O&M funds that the Army carried over in fiscal year 1986, it improperly obligated $2.9 million during previous fiscal years, thereby extending the availability of O&M appropriations which would have either expired o...
Millions of Dollars in Seized Cash Can Be Deposited Faster
T-GGD-87-7: Published: Mar 13, 1987. Publicly Released: Mar 13, 1987.
Pursuant to a congressional request, GAO testified on the Customs Service's and Drug Enforcement Administration's (DEA) cash seizure and forfeiture programs. GAO found that: (1) controls over seized and forfeited cash were either not in place or inadequate, which resulted in Customs and DEA holding millions of dollars unnecessarily before depositing them into designated U.S. Treasury accounts; (2)...
Financial Reporting and the Role of Independent Auditors
130168: Jun 19, 1986
Testimony was given concerning the necessity to improve audit quality and to reduce the number of alleged audit failures. GAO believes that the accounting profession should be: (1) providing better disclosure and early warnings regarding companies that are in precarious situations; (2) improving its efforts in determining whether companies are complying with laws and regulations; (3) ensuring that...
Examination of GSA's Fiscal Year 1985 Financial Statements
AFMD-86-55: Published: Jun 11, 1986. Publicly Released: Jun 11, 1986.
Pursuant to a congressional request, GAO examined the General Services Administration's (GSA) fiscal year (FY) 1985 financial statements, specifically its internal accounting controls system.GAO found that GSA failed to: (1) fully support its general ledger balances with detailed subsidiary records and quickly resolve any discrepancies; (2) ensure prompt billing of customers for automatic data pro...
Panama Canal Commission's Financial Statements FY 1984 and 1983
AFMD-86-15: Published: Apr 8, 1986. Publicly Released: Apr 8, 1986.
GAO reviewed the Panama Canal Commission's (PCC) financial statements as of September 30, 1984 and 1983 to assess whether PCC internal accounting controls and auditing procedures were in compliance with applicable laws and regulations.GAO noted that: (1) PCC prepared its financial statements according to accounting principles prescribed in the Panama Canal Act, which differ in some respects from g...
Financial Audit: The Key to Reliable Information and Improved Management
130327: Jan 1, 1986
This article, which appeared in the GAO Review, Vol. 21, Issue 2, Spring 1986, discusses the comprehensive financial auditing of federal government financial statements. GAO began work at the department and agency level to implement financial statement audits to ensure data accuracy and display the effect economic conditions have on the government's financial position...
CARE Audit Methodology: To Review and Evaluate Agency Accounting and Financial Management Systems
127570: Jul 1, 1985
GAO developed an audit methodology entitled Controls and Risk Evaluation designed to identify and evaluate the adequacy of controls in federal agency accounting systems and determine the degree of conformance with the Comptroller General's accounting principles and standards. The publication is comprised of an executive summary, which provides an overview for top financial management and audit exe...
A Consolidated Financial Statement for the Federal Government--Policy, Problems, and Potential
126472: Jan 1, 1985
This article, which appeared in the GAO Review, Vol. 20, Issue 1, Winter 1985, discusses the possibility of a consolidated financial statement (CFS) for the federal government which would show transactions between the government as a whole and outside parties. Adding a CFS to present agency accounting systems would demonstrate the overall condition of the government's fiscal health and present a h...
CARE-Based Audit Methodology To Review and Evaluate Agency Accounting and Financial Management Systems
AFMD-84-75: Published: Sep 28, 1984. Publicly Released: Sep 28, 1984.
GAO has developed a Controls and Risk Evaluation (CARE) based audit methodology to be used to: (1) identify agencies' accounting and financial management systems; (2) identify and evaluate the adequacy of controls in these systems; and (3) determine the degree of a system's compliance with GAO accounting principles, standards, and other requirements.The CARE audit methodology includes general risk...
Technical Summary: Financial Management Profile of the Centers for Disease Control
AFMD-84-15-9: Published: Aug 10, 1984. Publicly Released: Aug 10, 1984.
A financial management profile of the Department of Health and Human Services' (HHS) Centers for Disease Control (CDC) is presented. This technical summary is one of several volumes of detailed information that support a GAO report on financial management within HHS, and it provides detailed information on the major organizational components of CDC, its financial management systems, and major inte...