Internal controls (71 - 80 of 1,103 items)
DHS Financial Management: Additional Efforts Needed to Resolve Deficiencies in Internal Controls and Financial Management Systems
GAO-13-561: Published: Sep 30, 2013. Publicly Released: Nov 14, 2013.
The Department of Homeland Security (DHS) has made considerable progress toward obtaining a clean opinion on its financial statements but limited progress in obtaining a clean opinion on its internal control over financial reporting. DHS continues to rely on compensating controls and complex manual work-arounds rather than sound internal control over financial reporting and effective financial man...
Management Report: Improvements Are Needed to Strengthen the American Battle Monuments Commission's Internal Controls and Accounting Procedures
GAO-14-105R: Published: Nov 12, 2013. Publicly Released: Nov 12, 2013.
During its audit of the American Battle Monuments Commissions (the Commission) fiscal year 2012 financial statements, GAO identified two material weaknesses that resulted in ineffective internal control over financial reporting as of September 30, 2012. Specifically, the material weaknesses concern the Commissions financial reporting process and its monitoring process. Because of these...
DOD Financial Management: Ineffective Risk Management Could Impair Progress toward Audit-Ready Financial Statements
GAO-13-123: Published: Aug 2, 2013. Publicly Released: Sep 3, 2013.
The Department of Defense (DOD) has taken some actions to manage its department-level risks associated with preparing auditable financial statements through its Financial Improvement and Audit Readiness (FIAR) Plan. However, its actions were not fully in accordance with widely recognized guiding principles for effective risk management, which include (1) identifying risks that could prevent it fro...
Standards For Internal Control In The Federal Government: 2013 Exposure Draft
GAO-13-830SP: Published: Sep 3, 2013. Publicly Released: Sep 3, 2013.
Internal control is the plans, methods, policies, and procedures an organization employs to ensure effective resource use in fulfilling its mission, goals, objectives, and strategic plan. GAO's Standards for Internal Control in the Federal Government, known as the Green Book, sets these standards for federal agencies.The Green Book Exposure Draft proposes revisions to the standards for internal co...
Financial Audit: American Battle Monuments Commission's Financial Statements for Fiscal Years 2012 and 2011
GAO-13-641: Published: Jul 19, 2013. Publicly Released: Jul 19, 2013.
In GAO's opinion, the financial statements of the American Battle Monuments Commission (the Commission) as of September 30, 2012 and 2011, and for the fiscal years then ended, are presented fairly, in all material respects, in conformity with U.S. generally accepted accounting principles. However, GAO found two material weaknesses that resulted in ineffective internal control over financial report...
Financial and Performance Management: More Reliable and Complete Information Needed to Address Federal Management and Fiscal Challenges
GAO-13-752T: Published: Jul 10, 2013. Publicly Released: Jul 10, 2013.
Three long-standing major impediments prevented GAO from expressing an opinion on the U.S. government's 2012 accrual-based consolidated financial statements: (1) serious financial management problems at the Department of Defense (DOD), (2) the federal government's inability to adequately account for and reconcile intragovernmental activity and balances between federal entities, and (3) the federal...
DOD Financial Management: Significant Improvements Needed in Efforts to Address Improper Payment Requirements
GAO-13-227: Published: May 13, 2013. Publicly Released: Jun 6, 2013.
The Department of Defense (DOD) did not adequately implement key provisions of the Improper Payments Information Act of 2002 (IPIA) and the Improper Payments Elimination and Recovery Act of 2010 (IPERA) and Office of Management and Budget (OMB) requirements for fiscal year 2011. Most important, GAO found that DOD's improper payment estimates reported in its fiscal year 2011 Agency Financial Report...
Financial Audit: Congressional Award Foundation's Fiscal Years 2012 and 2011 Financial Statements
GAO-13-554: Published: May 15, 2013. Publicly Released: May 15, 2013.
In GAOs audits of the Congressional Award Foundations (Foundation) financial statements for fiscal years 2012 and 2011, it found that the Foundations financial statements are presented fairly, in all material respects, in conformity with U.S. generally accepted accounting principles. GAO also identified no material weaknesses in internal control over financial reporting, and no r...
Management Report: Improvements Are Needed to Enhance the Internal Revenue Service's Internal Controls
GAO-13-420R: Published: May 13, 2013. Publicly Released: May 13, 2013.
During its audit of the Internal Revenue Service's (IRS) fiscal year 2012 financial statements, GAO identified one new internal control deficiency that contributed to IRS's continuing material weakness in internal control over unpaid tax assessments as of September 30, 2012. Specifically, IRS's controls over its process for estimating the balances of federal taxes receivable and other unpaid tax a...
Senate Preservation Fund: Audit of Fiscal Years 2011 and 2012 Transactions
GAO-13-490R: Published: May 1, 2013. Publicly Released: May 1, 2013.
For fiscal years 2011 and 2012, the Senate Preservation Funds (Fund) recorded transactions consisted of 22 investment and operating transactions. The Funds recorded transactions were authorized in advance, supported by documentation, accurately accounted for, and in compliance with the applicable laws that GAO deemed significant to its audit objectives.GAO also found that the Senate Co...