Accounting procedures (61 - 70 of 540 items)
Financial Management: Audit of the White House Commission on the National Moment of Remembrance for Fiscal Year 2004
GAO-05-791R: Published: Jul 21, 2005. Publicly Released: Jul 21, 2005.
The White House Commission on the National Moment of Remembrance (Commission) was created on December 28, 2000, by the National Moment of Remembrance Act (act). The Commission's purpose is to sustain the American spirit through acts of remembrance, not only on Memorial Day but also throughout the year, for those who died serving our country. Congress appropriated $1 million to the Commission to fu...
DOD Problem Disbursements: Long-standing Accounting Weaknesses Result in Inaccurate Records and Substantial Write-offs
GAO-05-521: Published: Jun 2, 2005. Publicly Released: Jun 2, 2005.
Over the years, the Department of Defense (DOD) has recorded billions of dollars of disbursements and collections in suspense accounts because the proper appropriation accounts could not be identified and charged. DOD has also been unable to resolve discrepancies between its and Treasury's records of checks issued by DOD. Because documentation that would allow for resolution of these payment recor...
SBA Disaster Loan Program: Accounting Anomalies Resolved but Additional Steps Would Improve Long-Term Reliability of Cost Estimates
GAO-05-409: Published: Apr 14, 2005. Publicly Released: May 16, 2005.
In response to a January 2003 GAO report that identified significant anomalies in the Small Business Administration's (SBA) disaster loan accounts and raised serious concerns about its ability to account for loan sales and estimate program costs, SBA conducted an extensive analysis to identify causes of the anomalies and implemented a number of corrective actions. In light of SBA's actions, GAO un...
Financial Audit: Process for Preparing the Consolidated Financial Statements of the U.S. Government Continues to Need Improvement
GAO-05-407: Published: May 4, 2005. Publicly Released: May 4, 2005.
For the past 8 years, since the 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...
Financial Audit: U.S. Senate Stationery Room Revolving Fund's Fiscal Years 2002 and 2001 Financial Statements
GAO-04-905: Published: Aug 27, 2004. Publicly Released: Sep 28, 2004.
This report presents the results of our audit of the Senate Stationery Room's Statement of Receipts, Disbursements, and Fund Balance for the fiscal years ended September 30, 2002 and September 30, 2001. This report also contains our opinion on the effectiveness of the Fund's related internal control as of September 30, 2002, and our evaluation of its compliance with selected provision of laws and...
Financial Audit: Process for Preparing the Consolidated Financial Statements of the U.S. Government Needs Further Improvement
GAO-04-866: Published: Sep 10, 2004. Publicly Released: Sep 10, 2004.
For the past 7 years, since the first audit of the consolidated financial statements of the U.S. government (CFS), certain material weaknesses in internal control and financial reporting have resulted in conditions that have prevented GAO from expressing an opinion on the CFS. Specifically, GAO has reported that the federal government did not have adequate systems, controls, and procedures to prop...
Financial Management: Department of Homeland Security Faces Significant Financial Management Challenges
GAO-04-774: Published: Jul 19, 2004. Publicly Released: Jul 29, 2004.
When the Department of Homeland Security (DHS) began operations in March 2003, it faced the daunting task of bringing together 22 diverse agencies. This transformation poses significant management and leadership challenges, including integrating a myriad of redundant financial management systems and addressing the existing weaknesses in the inherited components, as well as newly identified weaknes...
Fiscal Year 2003 U.S. Government Financial Statements: Sustained Improvement in Federal Financial Management Is Crucial to Addressing Our Nation's Future Fiscal Challenges
GAO-04-886T: Published: Jul 8, 2004. Publicly Released: Jul 8, 2004.
GAO is required to annually audit the consolidated financial statements of the U.S. government. Proper accounting and reporting practices are essential in the public sector. The U.S. government is the largest, most diverse, most complex, and arguably the most important entity on earth today. Its services--homeland security, national defense, Social Security, mail delivery, and food inspection, to...
Financial Management: Audit of the White House Commission on the National Moment of Remembrance for Fiscal Years 2003 and 2002
GAO-04-497R: Published: May 20, 2004. Publicly Released: May 20, 2004.
The White House Commission on the National Moment of Remembrance (Commission) was created on December 28, 2000, by the National Moment of Remembrance Act (Act). The Commission received appropriated funds in fiscal years 2003 and 2002. Its purpose is to sustain the American spirit through acts of remembrance for those who died serving their country, not only on Memorial Day, but also throughout the...
Responses to Posthearing Questions Related to GAO's Testimony on the U.S. Government's Consolidated Financial Statements for Fiscal Year 2003
GAO-04-624R: Published: Apr 30, 2004. Publicly Released: Apr 30, 2004.
On March 3, 2004, the Subcommittee on Government Efficiency and Financial Management, House Committee on Government Reform, heard testimony on the U.S. government's consolidated financial statements for fiscal year 2003. This letter responds to questions related to the testimony and to subsequent questions from the Vice Chairman.During his March 10, 2004, testimony, the Department of Homeland Secu...