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Financial records (41 - 50 of 264 items)
Financial Audit: Actions Needed to Improve IRS Financial Management
T-AIMD-96-96: Published: Jun 6, 1996. Publicly Released: Jun 6, 1996.
GAO discussed its financial audits of the Internal Revenue Service for fiscal years 1992 through 1995. GAO noted that: (1) IRS relied on alternative sources to obtain revenue totals by type of tax for its financial statements; (2) IRS financial statements include various discrepancies that cannot be explained because of weaknesses in IRS information and collection systems; (3) the validity of IRS...
Financial Audit: U.S. Government Printing Office's Financial Statements for Fiscal Year 1995
AIMD-96-52: Published: Apr 16, 1996. Publicly Released: Apr 16, 1996.
Pursuant to a legislative requirement, GAO reviewed the Government Printing Office's (GPO) financial statements for the year ended September 30, 1995, its internal controls, its compliance with selected laws and regulations, and its budget authority.GAO found that: (1) GPO 1995 financial statements were reliable in all material respects; (2) internal controls effectively safeguarded assets against...
CFO Act Financial Audits: Increased Attention Must Be Given to Preparing Navy's Financial Reports
AIMD-96-7: Published: Mar 27, 1996. Publicly Released: Mar 27, 1996.
GAO reviewed the Navy's fiscal year (FY) 1994 consolidated financial reports, focusing on how the Navy and the Defense Finance and Accounting Service (DFAS) can: (1) improve the credibility of the Navy's FY 1995 financial reports; and (2) enhance their ability to prepare the Navy's FY 1996 annual financial statements.GAO found that: (1) the Navy's FY 1994 consolidated financial reports were not re...
Federal Reserve Banks: Internal Control, Accounting, and Auditing Issues
AIMD-96-5: Published: Feb 9, 1996. Publicly Released: Mar 11, 1996.
Pursuant to a congressional request, GAO reviewed several internal control issues at the Federal Reserve Bank (FRB) of Dallas and the Federal Reserve Automation Services' (FRAS) accounting procedures, focusing on: (1) Dallas FRB financial accounting and reporting and electronic data processing (EDP) control weaknesses; (2) the efficiency and consistency of Federal Reserve note accounting; and (3)...
IRS Operations: Significant Challenges in Financial Management and Systems Modernization
T-AIMD-96-56: Published: Mar 6, 1996. Publicly Released: Mar 6, 1996.
GAO discussed its: (1) fiscal year 1994 financial audit of the Internal Revenue Service (IRS); and (2) evaluation of the IRS Tax System Modernization (TSM) effort. GAO noted that: (1) IRS did not use its revenue general ledger accounting system or its master files for its revenue reports, but relied on alternative sources such as Treasury schedules; (2) there were large discrepancies between infor...
AIMD-95-225R: Published: Aug 24, 1995. Publicly Released: Aug 24, 1995.
GAO reviewed the Pension Benefit Guaranty Corporation's (PBGC) accounting procedures and internal controls that warranted management's attention as of September 30, 1994. GAO noted that PBGC: (1) used evidence about significant transactions that occurred after year-end in assessing its year-end contingent liabilities; (2) misclassified several pension plans based on their prior year classification...
Financial Audit: Examination of IRS' Fiscal Year 1994 Financial Statements
AIMD-95-141: Published: Aug 4, 1995. Publicly Released: Aug 4, 1995.
Pursuant to a legislative requirement, GAO examined the Internal Revenue Service's (IRS) financial statements for fiscal years (FY) 1993 and 1994.GAO found that: (1) critical supporting information for IRS financial statements was not available; (2) the available information was generally unreliable due to ineffective internal controls; (3) IRS internal controls did not effectively safeguard asset...
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 Audit: Federal Financing Bank's 1993 and 1992 Financial Statements
AIMD-95-4: Published: Dec 6, 1994. Publicly Released: Dec 6, 1994.
Pursuant to a legislative requirement, GAO reviewed the Federal Financing Bank's (FFB) financial statements for fiscal years ended September 30, 1993 and 1992.GAO found that: (1) the financial statements fairly presented the FFB financial position as of September 30, 1993 and 1992, in conformity with generally accepted accounting principles; (2) FFB filed a management report for fiscal year 1993 d...
Financial Management: Status of Defense Efforts to Correct Disbursement Problems
AIMD-95-7: Published: Oct 5, 1994. Publicly Released: Oct 5, 1994.
Pursuant to a congressional request, GAO reviewed the Department of Defense's (DOD) efforts to properly match disbursements with corresponding obligations, focusing on: (1) DOD progress in resolving its disbursement problems; (2) DOD criteria for identifying and reporting improperly matched disbursements; and (3) systemic control weaknesses that prevent DOD from resolving disbursement problems.GAO...