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Reporting requirements (61 - 70 of 175 items)
Financial Audit: IRS' Fiscal Year 1998 Financial Statements
AIMD-99-75: Published: Mar 1, 1999. Publicly Released: Mar 1, 1999.
Pursuant to a legislative requirement, GAO examined the Internal Revenue Service's (IRS) financial statements for the fiscal year (FY) ending September 30, 1998.GAO noted that: (1) pervasive weaknesses in the design and operation of IRS' financial management systems, accounting procedures, documentation, recordkeeping, and internal controls, including computer security controls, prevented IRS from...
Financial Management: Problems in Accounting for Navy Transactions Impair Funds Control and Financial Reporting
AIMD-99-19: Published: Jan 19, 1999. Publicly Released: Jan 19, 1999.
Pursuant to a legislative requirement, GAO reviewed the effects of in-transit disbursements on the Navy's funds control and financial reporting.GAO noted that: (1) the Navy and the Department of Defense (DOD) have not established adequate funds control as required by the Antideficiency Act; (2) current policies and procedures permit the Navy to delay for about 5 years: (a) the recording of obligat...
Internal Controls: Reporting Air Force Vendor Payment System Weaknesses Under the Federal Managers' Financial Integrity Act
AIMD-99-33R: Published: Dec 21, 1998. Publicly Released: Dec 21, 1998.
GAO provided information on the Department of Defense's (DOD): (1) reporting of the Air Force's vendor payment system weaknesses; and (2) efforts to implement corrective action. GAO made recommendations in its previous report to strengthen payment processing controls, revise vendor payment system access levels, and reduce the number of employees with vendor payment system access.GAO noted that: (1...
Financial Management: Federal Financial Management Improvement Act Results for Fiscal Year 1997
AIMD-98-268: Published: Sep 30, 1998. Publicly Released: Sep 30, 1998.
Pursuant to a legislative requirement, GAO reviewed information concerning: (1) compliance with the Federal Financial Management Improvement Act of 1996's (FFMIA) requirements, including whether the Chief Financial Officers (CFO) agencies' financial statements have been prepared in accordance with applicable accounting standards; and (2) the adequacy of applicable accounting standards for the fede...
Financial Audit Results: Impact on Budgetary Information
AIMD-98-311R: Published: Sep 25, 1998. Publicly Released: Sep 25, 1998.
Pursuant to a legislative requirement, GAO provided information on the results of the audit of fiscal year (FY) 1997 consolidated financial statements of the federal government about the reliability of financial data included in agency budget information presented to Congress.GAO noted that: (1) the consolidated and agency financial statement audits suggest that some data presented in agency budge...
Financial Management: Accounting Implications of DOD's Facilities Demolition Programs
AIMD-98-194R: Published: Aug 28, 1998. Publicly Released: Aug 28, 1998.
Pursuant to a legislative mandate, GAO reviewed the accounting issues related to the Department of Defense's (D0D) facilities demolition program.GAO noted that: (1) facilities are considered general property, plant, and equipment, and facilities demolition is subject to the accounting requirements found in Statements of Federal Financial Accounting Standards (SFFAS) No.5 and No.6; (2) the accounti...
Financial Management: Fostering the Effective Implementation of Legislative Goals
T-AIMD-98-215: Published: Jun 18, 1998. Publicly Released: Jun 18, 1998.
Pursuant to a legislative requirement, GAO discussed ways Congress can help to ensure that agencies effectively implement federal financial management reform legislation.GAO noted that: (1) an essential foundation to help achieve the goals of implementing financial management reforms is the requirement that the 24 Chief Financial Officers Act agencies annually prepare financial statements and subj...
Defense Financial Audits Issue Area: Active Assignments
AA-98-23(2): Published: May 1, 1998. Publicly Released: May 1, 1998.
GAO provided information on its active assignments in the Defense Financial Audits issue area as of May 3, 1998...
Financial Audit: 1997 Consolidated Financial Statements of the United States Government
AIMD-98-127: Published: Mar 31, 1998. Publicly Released: Mar 31, 1998.
GAO reviewed the 1997 consolidated financial statements of the United States government.GAO noted that: (1) significant financial systems weaknesses, problems with fundamental recordkeeping, incomplete documentation, and weak internal controls, including computer controls, prevent the government from accurately reporting a large portion of its assets, liabilities, and costs; (2) these deficiencies...
Deferred Maintenance Reporting: Challenges to Implementation
AIMD-98-42: Published: Jan 30, 1998. Publicly Released: Feb 19, 1998.
Pursuant to a congressional request, GAO reviewed: (1) the plans and progress of 11 agencies toward implementing the new deferred maintenance requirements of the Statement of Federal Financial Accounting Standards (SFFAS) No. 6; and (2) the official position of agency Chief Financial Officers (CFO) and Inspector Generals (IG) with respect to its implementation.GAO noted that: (1) agency officials...