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Financial records (71 - 80 of 264 items)
Financial Management: Customs' Accounting for Budgetary Resources Was Inadequate
AIMD-94-23: Published: Dec 14, 1993. Publicly Released: Dec 14, 1993.
GAO reviewed the U.S. Customs Service's controls over unliquidated obligations and reimbursable funds from interagency agreements.GAO found that: (1) Customs does not properly account for its receipt of goods and services or classify its obligations; (2) Customs has overstated outstanding obligations by millions of dollars and understated its liabilities, expenses, and assets; (3) Customs' account...
Accounting Principles and Standards
B-255473: Published: Dec 1, 1993. Publicly Released: Dec 1, 1993.
GAO discussed revisions to its policy manual for executive agencies, focusing on accounting principles, standards, and related requirements approved by the Comptroller General, the Department of the Treasury, and the Office of Management and Budget...
Financial Management: Customs' Accountability for Seized Property and Special Operation Advances Was Weak
AIMD-94-6: Published: Nov 22, 1993. Publicly Released: Nov 22, 1993.
Pursuant to a legislative requirement, GAO reviewed the U.S. Customs Service's accountability over currency, drugs, and property seized pursuant to its law enforcement program, focusing on: (1) financial data used to maintain accountability for this property; and (2) Customs' safeguards for controlling funds advanced to its agents for special law enforcement operations.GAO found that: (1) Customs...
Financial Audit: Environmental and Energy Study Conference Financial Statements for 1991 and 1990
AIMD-94-19: Published: Nov 19, 1993. Publicly Released: Nov 19, 1993.
Pursuant to a congressional request, GAO examined the Environmental and Energy Study Conference's financial statements as of December 31, 1991, and 1990, and the related statements of revenues and expenses and cash flows for the years then ended.GAO found that: (1) the financial statements fairly presented the Conference's financial position and the results of its operations and cash flows, in con...
Financial Management: Customs Did Not Adequately Account For or Control Its Accounts Receivable
AIMD-94-5: Published: Nov 8, 1993. Publicly Released: Nov 8, 1993.
Pursuant to a legislative requirement, GAO reviewed the U.S. Customs Service's accounts receivable, focusing on the: (1) validity and collectibility of Customs' reported gross accounts receivable; and (2) effectiveness of Customs' collection efforts.GAO found that: (1) Customs' reported accounts receivable balance is inaccurate and unreliable; (2) Customs lacks adequate policies and procedures and...
Financial Management: Army Real Property Accounting and Reporting Weaknesses Impede Management Decision-making
AIMD-94-9: Published: Nov 2, 1993. Publicly Released: Nov 2, 1993.
GAO reviewed the Army's reporting and accounting of real property and construction in progress, focusing on the: (1) effects of inaccuracies in the Army's accounting system on managerial decisionmaking; and (2) Army's progress in correcting accounting system and construction-in-progress data inaccuracies.GAO found that: (1) the Army's system for recording real property at its installations could n...
Financial Management: Customs Lacks Adequate Accountability Over Its Property and Weapons
AIMD-94-1: Published: Oct 18, 1993. Publicly Released: Oct 18, 1993.
Pursuant to a legislative requirement, GAO reviewed the U.S. Customs Service's accountability over property and weapons, focusing on whether: (1) Customs' property and weapons records are complete and accurate; (2) property items are valued according to Customs' policy; and (3) Customs' property and weapons are safeguarded from theft and misappropriation.GAO found that Customs: (1) does not have r...
Financial Management: Energy's Material Financial Management Weaknesses Require Corrective Action
AIMD-93-29: Published: Sep 30, 1993. Publicly Released: Sep 30, 1993.
GAO examined the Department of Energy's (DOE) efforts to: (1) improve financial control and accountability over its integrated contractors' financial operations; and (2) correct the financial management-related weaknesses cited in its Federal Managers' Financial Integrity Act report.GAO found that: (1) DOE contract provisions do not fully protect the government's interests or permit DOE to exercis...
Financial Audit: Pension Benefit Guaranty Corporation's 1992 and 1991 Financial Statements
AIMD-93-21: Published: Sep 29, 1993. Publicly Released: Sep 29, 1993.
GAO examined the financial statements of the Pension Benefit Guaranty Corporation's (PBGC) Single-Employer and Multiemployer Funds for the years ended September 30, 1992 and 1991, focusing on PBGC: (1) financial condition; (2) internal controls; and (3) compliance with applicable laws and regulations.GAO found that: (1) PBGC financial statements for the year ended September 30, 1992, were reliable...
Financial Audit: Resolution Trust Corporation's Internal Controls at December 31, 1992
AIMD-93-50: Published: Sep 28, 1993. Publicly Released: Sep 28, 1993.
GAO evaluated the Resolution Trust Corporation's (RTC) internal controls as of December 31, 1992, to determine whether the controls reasonably ensured that: (1) assets were safeguarded against loss from unauthorized use or disposition; (2) transactions complied with management's authority and laws and regulations; and (3) transactions were properly recorded, processed, and summarized in accordance...