Financial management (41 - 50 of 2,571 items)
Bureau of Land Management: Improvements Needed in Internal Controls over Mining Law Administration Program Funds
GAO-15-562: Published: Jul 23, 2015. Publicly Released: Jul 29, 2015.
The Department of the Interior's (Interior) Bureau of Land Management's (BLM) Mining Law Administration Program (mining law program) was appropriated and expended almost $40 million annually from fiscal years 2011 through 2013. Funds are to be used for mining law program activities such as administering mining claims and processing notices for mineral exploration. The mining law program's largest...
Senate Office of Public Records Revolving Fund: Audit of Fiscal Year 2014 Cash Receipts
GAO-15-709R: Published: Jul 16, 2015. Publicly Released: Jul 16, 2015.
GAO found that the Senate Office of Public Records Revolving Fund's (Fund) total recorded cash receipts of $10,027 for fiscal year 2014 were accurate and supported by documentation. Specifically, GAO found that the receipts were sequentially numbered without gaps and applicable to fiscal year 2014. GAO also found that the Fund's total cash receipt activity for fiscal year 2014 reconciled to the Se...
Washington Metropolitan Area Transit Authority: Steps Taken to Address Financial Management and Safety Recommendations, but Financial Management Internal Controls Need Strengthening
GAO-15-640R: Published: Jul 15, 2015. Publicly Released: Jul 15, 2015.
The Federal Transit Administration’s (FTA) June 2014 financial management oversight review of the Washington Metropolitan Area Transit Authority (WMATA) identified material weaknesses and significant deficiencies in internal control, concluded that WMATA did not maintain effective internal control over its compliance with FTA’s financial management system requirements, and included 38 recommen...
Navy Working Capital Fund: Budgeting for Carryover at Fleet Readiness Centers Could Be Improved
GAO-15-462: Published: Jun 30, 2015. Publicly Released: Jun 30, 2015.
GAO's analysis of Navy Working Capital Fund Fleet Readiness Centers' (FRC) budgets found that actual adjusted carryover exceeded allowable carryover in 10 of 11 fiscal years reviewed because orders exceeded work performed (revenue) by more than expected. As a result, total carryover grew to about $1 billion at the end of fiscal year 2014. In fiscal year 2014, the FRCs' actual adjusted carryover am...
Management Report: Improvements Needed in the Bureau of the Fiscal Service's Information Systems Controls
GAO-15-412R: Published: Jun 25, 2015. Publicly Released: Jun 25, 2015.
During GAO's audit of the Schedules of Federal Debt Managed by the Department of the Treasury's (Treasury) Bureau of the Fiscal Service (Fiscal Service) for the fiscal years ended September 30, 2014, and 2013, GAO identified nine new information systems general control deficiencies related to security management, access controls, and configuration management. In a separately issued Limited Officia...
Independent Auditor's Report on Applying Agreed-Upon Procedures: Senate Disbursing Office 2015 Cash Count
GAO-15-683R: Published: Jun 24, 2015. Publicly Released: Jun 24, 2015.
On May 8, 2015, GAO performed agreed-upon procedures at the Senate Disbursing Office (SDO), consisting of (1) identifying and confirming the authorized and reported amount of cash accountability for the Secretary of the Senate, (2) counting all cash items that support the cash accountability level of the SDO, (3) counting all noncash items that support the cash accountability level of the SDO, and...
Capitol Preservation Fund: Audit of Fiscal Years 2013 and 2014 Transactions
GAO-15-586R: Published: Jun 17, 2015. Publicly Released: Jun 17, 2015.
GAO found that the policies and procedures for the Capital Preservation Commission's (Commission) operations and oversight and the Library of Congress's (Library) operations and reporting were sufficiently documented and adequately designed and consistent with applicable federal internal control standards to help ensure that the Capital Preservation Fund's (Fund) receipts, disbursements, and inves...
Senate Preservation Fund: Audit of Fiscal Years 2013 and 2014 Transactions
GAO-15-587R: Published: Jun 17, 2015. Publicly Released: Jun 17, 2015.
GAO found that the policies and procedures for the Senate Commission on Art’s (Commission) operations and oversight and the Library of Congress’s (Library) operations and reporting were sufficiently documented and adequately designed and consistent with applicable federal internal control standards to help ensure that the Senate Preservation Fund’s (Fund) receipts, disbursements, and investm...
Financial Audit: Congressional Award Foundation's Fiscal Years 2014 and 2013 Financial Statements
GAO-15-552: Published: May 15, 2015. Publicly Released: May 15, 2015.
In GAO’s audits of the Congressional Award Foundation’s (Foundation) financial statements for fiscal years 2014 and 2013, it found that the Foundation’s financial statements are presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles. GAO also identified no material weaknesses in internal control over financial reporting based on the limit...
Management Report: Improvements Needed in SEC's Internal Controls and Accounting Procedures
GAO-15-387R: Published: Apr 30, 2015. Publicly Released: Apr 30, 2015.
During its audit of the U.S. Securities and Exchange Commission’s (SEC) fiscal year 2014 financial statements, GAO identified continuing and new deficiencies in SEC’s financial reporting controls over its accounting for disgorgement and penalty transactions, which contributed to a significant deficiency in SEC’s internal control over financial reporting as of September 30, 2014. This signifi...