Financial records (111 - 120 of 1,455 items)
Internal Control: Improvements Needed in SEC's Accounting and Operational Procedures
GAO-07-482R: Published: Apr 3, 2007. Publicly Released: Apr 3, 2007.
On November 15, 2006, we issued our report on the U.S. Securities and Exchange Commission's (SEC) fiscal years 2006 and 2005 financial statements and on SEC's internal control as of September 30, 2006. We also reported on the results of our tests of SEC's compliance with selected provisions of laws and regulations during fiscal year 2006. The purpose of this report is to discuss issues identified...
Federal Financial Management: Critical Accountability and Fiscal Stewardship Challenges Facing Our Nation
GAO-07-542T: Published: Mar 1, 2007. Publicly Released: Mar 1, 2007.
The foundation laid by the Chief Financial Officers Act of 1990 and other management reform legislation provided a much needed statutory basis to improve the accountability of government programs and operations. Such reforms were intended to produce reliable, timely, and useful financial information to help manage day-to- day operations and exercise oversight and promote fiscal stewardship. This t...
Financial Audit: American Battle Monuments Commission's Financial Statements for Fiscal Years 2006 and 2005
GAO-07-321: Published: Mar 1, 2007. Publicly Released: Mar 1, 2007.
In accordance with 36 U.S.C. 2103, GAO is responsible for conducting audits of the agencywide financial statements of the American Battle Monuments Commission (the Commission). GAO audited the financial statements of the Commission for the fiscal years ended September 30, 2006, and 2005. The audits were done to determine whether, in all material respects, (1) the Commission's financial statements...
Long-Term Budget Outlook: Saving Our Future Requires Tough Choices Today
GAO-07-342T: Published: Jan 11, 2007. Publicly Released: Jan 11, 2007.
This testimony, given by David M. Walker, Comptroller General of the United States before the Senate Committee on the Budget, addresses the nation's long-term fiscal outlook and the challenge it presents. However, the outlook is not good. Continuing down this current fiscal path would gradually erode, if not suddenly damage, out economy, our standard of living, and ultimately even our domestic tra...
Financial Audit: Securities and Exchange Commission's Financial Statements for Fiscal Years 2006 and 2005
GAO-07-134: Published: Nov 15, 2006. Publicly Released: Nov 15, 2006.
Established in 1934 to enforce the securities laws and protect investors, the Securities and Exchange Commission (SEC) plays an important role in maintaining the integrity of the U.S. securities markets. Pursuant to the Accountability of Tax Dollars Act of 2002, the SEC is required to prepare and submit to Congress and the Office of Management and Budget audited financial statements. GAO agreed, u...
Applying Agreed-Upon Procedures: Federal Unemployment Taxes
GAO-07-130R: Published: Nov 3, 2006. Publicly Released: Nov 3, 2006.
We performed the procedures which we agreed to perform and with which the Department of Labor (DOL) concurred soley to assist the DOL in ascertaining whether the net federal unemployment tax (FUTA) revenue distributed to the Unemployment Trust Fund (UTF) for the fiscal year ended September 30, 2006, is supported by the underlying records. The procedures we agreed to perform relate to (1) transacti...
Financial Audit: Restated Financial Statements: Agencies' Management and Auditor Disclosures of Causes and Effects and Timely Communication to Users
GAO-07-91: Published: Oct 5, 2006. Publicly Released: Oct 5, 2006.
GAO continues to have concerns about restatements to federal agencies' previously issued financial statements. During fiscal year 2005, at least 7 of the 24 Chief Financial Officers (CFO) Act agencies restated certain of their fiscal year 2004 financial statements to correct misstatements. To study this trend, GAO reviewed the nature and causes of the restatements made by certain CFO Act agencies...
Financial Audit: Independent and Special Counsel Expenditures for the Six Months Ended March 31, 2006
GAO-06-1054: Published: Sep 29, 2006. Publicly Released: Sep 29, 2006.
This report presents the results of our audits of expenditures reported by one office of independent counsel and one office of special counsel for the 6 months ended March 31, 2006. The Department of Justice and independent counsels are required under 28 U.S.C. 594 (d)(2), (h) and 596 (c)(1) to report on a semiannual basis the expenditures from a permanent, indefinite appropriation established wit...
Financial Audit: Significant Internal Control Weaknesses Remain in Preparing the Consolidated Financial Statements of the U.S. Government
GAO-06-415: Published: Apr 21, 2006. Publicly Released: Apr 21, 2006.
For the past 9 years, since our first audit of the consolidated financial statements of the U.S. government (CFS), certain material weaknesses in internal control and in selected accounting and financial reporting practices have resulted in conditions that prevented GAO from expressing an opinion on the CFS. Specifically, GAO has reported that the U.S. government did not have adequate systems, con...
Credit Card Minimum Payment Disclosures Cardholder Interview Results, an E-supplement to GAO-06-434
GAO-06-611SP: Published: Apr 21, 2006. Publicly Released: Apr 21, 2006.
As part of a study GAO conducted to determine the feasibility and usefulness of providing customized minimum payment disclosures to credit cardholders, we interviewed a total of 112 cardholders in three U.S. cities on their views of various minimum payment disclosures. This document represents a facsimile of the interview guide that we administered to cardholders and includes the results to the cl...