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Financial statement audits (41 - 50 of 240 items)
FASAB News, Issue 60, January-March 2000
163434: Jan 1, 2000
GAO provided information on the Federal Accounting Standards Advisory Board's recent actions, meetings, and practices...
Financial Management: Financial Management Weaknesses at the Department of Education
T-AIMD-00-50: Published: Dec 6, 1999. Publicly Released: Dec 6, 1999.
GAO discussed its review of the independent auditors' reports on the Department of Education's financial statements covering fiscal year (FY) 1998, focusing on: (1) weaknesses in the financial reporting process; (2) inadequate reconciliations of financial accounting records; and (3) inadequate controls over information systems.GAO noted that: (1) the independent auditors found that the Department...
Financial Management: Increased Attention Needed to Prevent Billions in Improper Payments
AIMD-00-10: Published: Oct 29, 1999. Publicly Released: Nov 5, 1999.
Pursuant to a congressional request, GAO provided information on improper payments in light of the projected future growth of federal expenditures, focusing on the: (1) amounts reported by agencies as improper payments in their fiscal year (FY) 1998 financial statements prepared pursuant to the Chief Financial Officers (FO) Act of 1990; (2) types of federal programs at risk of disbursing improper...
Financial Management Service: Significant Weaknesses in Computer Controls
AIMD-00-4: Published: Oct 4, 1999. Publicly Released: Oct 4, 1999.
Pursuant to a legislative requirement, GAO provided information on the general and application computer controls over key financial systems maintained and operated by the Financial Management Service (FMS), focusing on the results of GAO's fiscal year (FY) 1998 tests of the effectiveness of general and application controls that support key FMS automated financial systems and GAO's follow up on the...
Financial Management: Federal Financial Management Improvement Act Results for Fiscal Year 1998
AIMD-00-3: Published: Oct 1, 1999. Publicly Released: Oct 1, 1999.
Pursuant to a legislative requirement, GAO reviewed federal agencies' efforts to implement the Federal Financial Management Improvement Act (FFMIA), focusing on: (1) compliance of chief financial officer (CFO) agencies' financial systems with FFMIA's requirements; (2) whether CFO agencies' financial statements have been prepared in accordance with applicable accounting standards; and (3) agencies'...
Financial Management: Financial Audit Results at GSA, EPA, and DOT
T-AIMD-99-301: Published: Sep 30, 1999. Publicly Released: Sep 30, 1999.
Pursuant to a congressional request, GAO discussed the results of the financial statement audits of the General Services Administration (GSA), the Environmental Protection Agency (EPA), and the Department of Transportation (DOT).GAO noted that: (1) GSA is the federal government's business manager and is responsible for space acquisition and management, retail and wholesale supply sales, fleet mana...
Financial Audit: Issues Regarding Reconciliations of Fund Balances with Treasury Accounts
AIMD-99-271: Published: Sep 17, 1999. Publicly Released: Sep 17, 1999.
Pursuant to a legislative requirement, GAO reviewed the: (1) overall effectiveness of federal agencies' reconciliation processes for Fund Balances with Treasury accounts; and (2) Department of the Treasury's actions to improve its assistance to agencies in their reconciliaiton efforts.GAO noted that: (1) auditors continued to find significant problems with federal agencies' reconciliations of Fund...
Internal Revenue Service: Custodial Financial Management Weaknesses
AIMD-99-193: Published: Aug 4, 1999. Publicly Released: Aug 4, 1999.
Pursuant to a legislative requirement, GAO provided information on the internal control and compliance issues related to the Internal Revenue Service's (IRS) custodial activities, focusing on: (1) previously reported internal control and compliance issues and related recommendations; (2) new issues identified during GAO's fiscal year (FY) 1998 financial audit, along with new recommendations to add...
Management Letter: Suggested Improvements in IRS' Accounting Procedures and Internal Controls
AIMD-99-182R: Published: Jun 30, 1999. Publicly Released: Jun 30, 1999.
Pursuant to a legislative requirement, GAO provided information on additional matters it identified in its audit of the Internal Revenue Service's (IRS) custodial financial statements for fiscal year (FY) 1998 regarding accounting procedures and internal controls that could be improved.GAO noted that: (1) IRS' policies and procedures over abatement transactions did not ensure that abatements were...
Financial Audit: Senate Restaurants Revolving Fund for Fiscal Years 1998 and 1997
AIMD-99-185: Published: Jun 15, 1999. Publicly Released: Jun 15, 1999.
Pursuant to a congressional request, GAO reviewed the financial statements of the Senate Restaurants Revolving Fund for the fiscal years (FY) ended September 30, 1998 and 1997. GAO contracted with KPMG Peat Marwick LLP to conduct the audit.GAO noted that: (1) in its audit of the U.S. Senate Restaurants Revolving Fund, KPMG found that: (a) the financial statements were reliable in all material resp...