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Internal controls (21 - 30 of 497 items)
Financial Management: Status of Financial Management Issues at the Small Business Administration
AIMD-00-263: Published: Aug 29, 2000. Publicly Released: Oct 17, 2000.
Pursuant to a congressional request, GAO reviewed the status of the Small Business Administration's (SBA) financial management issues, focusing on: (1) useful information Congress can obtain from SBA's fiscal year (FY) 1999 financial statements; (2) the major internal control deficiencies in SBA's FY 1999 financial statement audit and the major causes and implications; and (3) ramifications of SBA...
Federal Accounting and Reporting: Framework for Assessing the Reliability of Budget Execution Data Is Not Yet Fully Implemented
GAO-01-43: Published: Oct 6, 2000. Publicly Released: Oct 6, 2000.
Beginning with fiscal year (FY) 1998, federal agencies were required to prepare a Statement of Budgetary Resources (SBR) as one of their primary financial statements. GAO's review of 22 major budgetary accounts at 10 agencies, constituting approximately 77 percent of FY 1999 net outlays, showed that the federal accounting and reporting framework was properly implemented for 14 accounts constitutin...
Financial Management: Census Monitoring Board Disbursements, Internal Control Weaknesses, and Other Matters
AIMD-00-317: Published: Sep 29, 2000. Publicly Released: Sep 29, 2000.
Pursuant to a congressional request, GAO reviewed the financial management of the Census Monitoring Board (CMB), focusing on: (1) information on seven specific matters contained in congressional requests; (2) an audit relating to all CMB out-of-town travel disbursements and all other financial transactions over $200 from CMB's inception in June 1998 through March 31, 2000, which resulted in GAO au...
Financial Management: Federal Financial Management Improvement Act Results for Fiscal Year 1999
AIMD-00-307: Published: Sep 29, 2000. Publicly Released: Sep 29, 2000.
Pursuant to a legislative requirement, GAO provided information on the implementation of the Federal Financial Management Improvement Act (FFMIA) in fiscal year (FY) 1999, focusing on: (1) compliance of the Chief Financial Officers (CFO) Act agencies' financial systems with FFMIA's requirements; (2) agencies' plans to bring their systems into compliance; and (3) other efforts to improve the govern...
Financial Management: Financial Management Challenges Remain at the Department of Education
T-AIMD-00-323: Published: Sep 19, 2000. Publicly Released: Sep 19, 2000.
Pursuant to a congressional request, GAO discussed financial management at the Department of Education, focusing on: (1) Eduction's current financial management status as evidenced by its fiscal year (FY) 1999 financial audit results and the corrective actions it has taken to resolve weaknesses identified in that audit; and (2) the relationship between the audit findings and the potential for wast...
Indian Trust Funds: Improvements Made in Acquisition of New Asset and Accounting System But Significant Risks Remain
AIMD-00-259: Published: Sep 15, 2000. Publicly Released: Sep 15, 2000.
Pursuant to a congressional request, GAO evaluated the Department of the Interior's effort to acquire and develop its new Trust Asset and Accounting Management System (TAAMS), focusing on: (1) actions Interior has taken in response to GAO's previous reviews and recommendations; and (2) the business and technical risks and challenges still confronting Interior as it begins to deploy TAAMS.GAO noted...
Financial Management: Review of Education's Grantback Account
AIMD-00-228: Published: Aug 18, 2000. Publicly Released: Aug 18, 2000.
Pursuant to a congressional request, GAO reviewed the Department of Education's grantback account.GAO noted that: (1) as a result of financial management system deficiencies, inadequate systems of funds control, and manual internal control weaknesses that GAO and other auditors have identified and the manner in which the grantback account was used, there is increased risk of fraud, waste, and mism...
Internal Controls: Disbursement Processing Controls Need Improvement
AIMD-00-236R: Published: Aug 7, 2000. Publicly Released: Aug 7, 2000.
Pursuant to a legislative requirement, GAO provided information on the Financial Management Service's (FMS) controls over safeguarding of assets and documenting disbursements and reconciliation of reports as well as the results of previously suggested improvements.GAO noted that: (1) testing of manual controls and procedures indicated weaknesses related to the safeguarding of vulnerable negotiable...
Department of Defense: Implications of Financial Management Issues
T-AIMD/NSIAD-00-264: Published: Jul 20, 2000. Publicly Released: Jul 20, 2000.
Pursuant to a congressional request, GAO discussed financial management issues at the Department of Defense (DOD).GAO noted that: (1) to date no major part of DOD has yet been able to pass the test of an independent audit--auditors consistently have issued disclaimers of opinion because of pervasive weaknesses in DOD's financial management systems, operations, and controls; (2) such problems led G...
Management Letter: Suggested Improvements in IRS' Accounting Procedures and Internal Controls
AIMD-00-162R: Published: Jun 14, 2000. Publicly Released: Jun 14, 2000.
Pursuant to a legislative requirement, GAO provided information on the results of the Internal Revenue Service's (IRS) financial statements and on the effectiveness of its internal controls for fiscal year (FY) ending September 30, 1999.GAO noted that: (1) GAO found weaknesses in IRS' accounting procedures for certain assets purchased in one year but used for a multi year period; (2) IRS corrected...