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Accounting systems (11 - 20 of 124 items)
Financial Management: Interior's Management of the Indian Trust Funds
T-AIMD-96-111: Published: Jun 18, 1996. Publicly Released: Jun 18, 1996.
GAO discussed the Department of the Interior's management of Indian trust funds. GAO noted that: (1) the Bureau of Indian Affairs (BIA) has completed its reconciliation of trust fund accounts, but the accounts could not be fully reconciled due to missing records and the lack of an audit trail; (2) the January 1996 BIA report to the tribes did not explain limitations in scope and methodologies used...
Financial Management: Interior's Efforts to Reconcile Indian Trust Fund Accounts and Implement Management Improvements
T-AIMD-96-104: Published: Jun 11, 1996. Publicly Released: Jun 11, 1996.
GAO discussed the Department of the Interior's efforts to reconcile Indian trust fund accounts, focusing on: (1) its efforts to implement trust fund management improvements; and (2) the usefulness of a legislated settlement process for resolving unsettled account balances. GAO noted that: (1) $2.4 billion in receipt and disbursement transactions could not be traced to supporting documentation at t...
Interior's CFO Act Implementation
AIMD-95-231R: Published: Sep 29, 1995. Publicly Released: Sep 29, 1995.
GAO reviewed the status of the Department of the Interior's implementation of the Chief Financial Officers (CFO) Act, focusing on Interior's challenges in meeting its statutory requirements. GAO noted that Interior: (1) has made progress in implementing CFO Act reforms and financial management improvements by establishing an agency-wide CFO organization, implementing a standardized accounting syst...
Financial Management: Indian Trust Fund Accounts Cannot Be Fully Reconciled
T-AIMD-95-94: Published: Mar 8, 1995. Publicly Released: Mar 8, 1995.
GAO discussed the Bureau of Indian Affairs' (BIA) efforts to reconcile Indian trust fund accounts and make needed management improvements to ensure the accounts' future accuracy. GAO noted that: (1) BIA has spent 4 years and $16 million to reconcile Indian trust fund accounts, which it has not fully reconciled; (2) BIA is requesting $6.8 million for fiscal year 1996 to continue the detailed reconc...
Financial Management: Customs' Self-Assessment of Its Internal Control and Accounting Systems Is Inadequate
AIMD-94-8: Published: Oct 27, 1993. Publicly Released: Oct 27, 1993.
Pursuant to a legislative requirement, GAO reviewed the U.S. Customs Services' efforts to identify, report, and correct its internal control and accounting system weaknesses.GAO found that: (1) Customs' fiscal year (FY) 1992 assurance letter overstated the effectiveness of its internal control and accounting systems; (2) Customs did not disclose the full extent of its material weaknesses in its FY...
Financial Management: Inadequate Accounting and System Project Controls at AID
AFMD-93-19: Published: May 24, 1993. Publicly Released: May 24, 1993.
GAO reviewed key accounting and reporting weaknesses in the Agency for International Development's (AID) financial management systems, and evaluated AID efforts to improve these systems.GAO found that: (1) AID has experienced serious accounting system and financial reporting problems; (2) AID overseas offices did not promptly and accurately report disbursements, and AID could not ensure that disbu...
Defense Business Fund
AFMD-93-52R: Published: Mar 1, 1993. Publicly Released: Mar 1, 1993.
Pursuant to a legislative mandate, GAO reviewed the Department of Defense's (DOD) progress in implementing the Defense Business Operations Fund. GAO found that: (1) DOD has not completed policies to govern the Fund's operations and does not anticipate completion until September 1993; (2) DOD needs to define procedures to implement its policies and make changes in its financial systems; (3) DOD has...
Internal Control Weaknesses in Army Data Processing Operations and Accounting and Financial Reporting
AFMD-93-16ML: Published: Nov 19, 1992. Publicly Released: Nov 19, 1992.
GAO reported on internal control weaknesses in the Army Corps of Engineers' data processing operations and accounting and financial reporting processes. GAO noted that the Corps: (1) overused a transaction entry procedure that was primarily intended for correcting, but not entering, accounting data; (2) did not document data entries or maintain control logs; (3) allowed personnel to both prepare a...
Financial Management: DOT's Accounting and Financial Information System Can Be Improved
RCED/AFMD-92-238: Published: Sep 22, 1992. Publicly Released: Sep 22, 1992.
Pursuant to a congressional request, GAO reviewed the Department of Transportation's (DOT) Departmental Accounting and Financial Information System (DAFIS), focusing on the system's: (1) status and cost; and (2) effectiveness in achieving its goals.GAO found that: (1) goals for DAFIS include consolidation of existing accounting systems into one departmentwide system, correction of accounting disbu...
Premium Accounting System: Pension Benefit Guaranty Corporation System Must Be an Ongoing Priority
IMTEC-92-74: Published: Aug 11, 1992. Publicly Released: Aug 11, 1992.
Pursuant to a congressional request, GAO provided information on the Pension Benefit Guaranty Corporation's (PBGC) modifications to the automated premium accounting system and procurement of a replacement system.GAO found that: (1) the PBGC premium computerized accounting system has undergone a two-phase modification and restoration, and the first phase has restored partial system function, but th...