Financial records (51 - 60 of 1,455 items)
Financial Audit: Federal Housing Finance Agency's Fiscal Years 2010 and 2009 Financial Statements
GAO-11-151: Published: Nov 15, 2010. Publicly Released: Nov 15, 2010.
The Housing and Economic Recovery Act of 2008 (HERA) created the Federal Housing Finance Agency (FHFA) and gave it responsibility for, among other things, the supervision and oversight of the housing-related government-sponsored enterprises (GSE): Fannie Mae, Freddie Mac, and the 12 federal home loan banks. Specifically, FHFA was assigned responsibility for ensuring that each of the regulated enti...
Financial Audit: Securities and Exchange Commission's Financial Statements for Fiscal Years 2010 and 2009
GAO-11-202: Published: Nov 15, 2010. Publicly Released: Nov 15, 2010.
Pursuant to the Accountability of Tax Dollars Act of 2002, the United States Securities and Exchange Commission (SEC) is required to prepare and submit to Congress and the Office of Management and Budget audited financial statements. GAO, under its audit authority, audited SEC's financial statements to determine whether (1) the financial statements are fairly stated, and (2) SEC management maintai...
Financial Audit: Office of Financial Stability (Troubled Asset Relief Program) Fiscal Years 2010 and 2009 Financial Statements
GAO-11-174: Published: Nov 15, 2010. Publicly Released: Nov 15, 2010.
On October 3, 2008, the Emergency Economic Stabilization Act of 2008 (EESA) was signed into law. EESA authorized the Secretary of the Treasury to implement the Troubled Asset Relief Program (TARP) and established the Office of Financial Stability (OFS) within the Department of the Treasury (Treasury) to do so. EESA requires the annual preparation of financial statements for TARP, and further requi...
Financial Audit: IRS's Fiscal Years 2010 and 2009 Financial Statements
GAO-11-142: Published: Nov 10, 2010. Publicly Released: Nov 10, 2010.
Because of the significance of Internal Revenue Service (IRS) collections to overall federal receipts and, in turn, to the consolidated financial statements of the U.S. government, which GAO is required to audit, and Congress's interest in financial management at IRS, GAO audits IRS's financial statements annually to determine whether (1) the financial statements are fairly stated, and (2) IRS man...
Financial Audit: Bureau of the Public Debt's Fiscal Years 2010 and 2009 Schedules of Federal Debt
GAO-11-52: Published: Nov 8, 2010. Publicly Released: Nov 8, 2010.
GAO is required to audit the consolidated financial statements of the U.S. government. Because of the significance of the federal debt held by the public to the governmentwide financial statements, GAO audits the Bureau of the Public Debt's (BPD) Schedules of Federal Debt annually to determine whether, in all material respects, (1) the schedules are reliable and (2) BPD management maintained effec...
Department of Defense: Financial Management Improvement and Audit Readiness Efforts Continue to Evolve
GAO-10-1059T: Published: Sep 29, 2010. Publicly Released: Sep 29, 2010.
As one of the largest and most complex organizations in the world, the Department of Defense (DOD) faces many challenges in resolving its pervasive and long-standing financial management and related business operations and systems problems. DOD is required by various statutes to (1) improve its financial management processes, controls, and systems to ensure that complete, reliable, consistent, and...
Management Report: Opportunities for Improvements in the Congressional Award Foundation's Internal Controls and Accounting Procedures
GAO-10-964R: Published: Sep 9, 2010. Publicly Released: Sep 9, 2010.
In May 2010, we issued our opinion on the fiscal years 2009 and 2008 financial statements of the Congressional Award Foundation (the Foundation). We also reported on our evaluation of the Foundation's compliance with provisions of selected laws and regulations for the fiscal year ended September 30, 2009, and our consideration of the Foundation's internal control over financial reporting. The Foun...
Management Report: Improvements Needed in Controls over the Preparation of the U.S. Consolidated Financial Statements
GAO-10-757: Published: Jul 30, 2010. Publicly Released: Jul 30, 2010.
Since GAO's first audit of the fiscal year 1997 consolidated financial statements of the U.S. government (CFS), material weaknesses in internal control and other limitations on the scope of GAO's work have prevented GAO from expressing an opinion on the consolidated financial statements, other than the Statement of Social Insurance (accrual-based consolidated financial statements). The Department...
Department of Veterans Affairs: Long-standing Weaknesses in Miscellaneous Obligation and Financial Reporting Controls
GAO-10-939T: Published: Jul 28, 2010. Publicly Released: Jul 28, 2010.
In September 2008, GAO reported internal control weaknesses over the Veteran Health Administration's (VHA) use of $6.9 billion in miscellaneous obligations in fiscal year 2007. In November 2009, GAO reported on deficiencies in corrective action plans to remediate financial reporting control deficiencies. This testimony is based on these previous reports that focused on (1) VHA miscellaneous obliga...
Management Report: Improvements Needed in American Battle Monuments Commission's Internal Controls and Accounting Procedures
GAO-10-596R: Published: Jul 23, 2010. Publicly Released: Jul 23, 2010.
On March 1, 2010, we issued our report expressing our opinion on the American Battle Monuments Commission's (the Commission) fiscal years 2009 and 2008 financial statements and our opinion on the Commission's internal control as of September 30, 2009. We also reported on the results of our tests of the Commission's compliance with selected provisions of laws and regulations during fiscal year 2009...