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Federal agency accounting systems (21 - 30 of 264 items)
Financial Audit: IRS' Fiscal Year 1998 Financial Statements
AIMD-99-75: Published: Mar 1, 1999. Publicly Released: Mar 1, 1999.
Pursuant to a legislative requirement, GAO examined the Internal Revenue Service's (IRS) financial statements for the fiscal year (FY) ending September 30, 1998.GAO noted that: (1) pervasive weaknesses in the design and operation of IRS' financial management systems, accounting procedures, documentation, recordkeeping, and internal controls, including computer security controls, prevented IRS from...
Financial Management: Problems in Accounting for Navy Transactions Impair Funds Control and Financial Reporting
AIMD-99-19: Published: Jan 19, 1999. Publicly Released: Jan 19, 1999.
Pursuant to a legislative requirement, GAO reviewed the effects of in-transit disbursements on the Navy's funds control and financial reporting.GAO noted that: (1) the Navy and the Department of Defense (DOD) have not established adequate funds control as required by the Antideficiency Act; (2) current policies and procedures permit the Navy to delay for about 5 years: (a) the recording of obligat...
Internal Revenue Service: Immediate and Long-Term Actions Needed to Improve Financial Management
AIMD-99-16: Published: Oct 30, 1998. Publicly Released: Oct 30, 1998.
Pursuant to a legislative requirement, GAO provided information on the Internal Revenue Service's (IRS) internal controls and financial management systems.GAO noted that: (1) IRS' internal control system remains plagued by weaknesses that adversely affect the agency's ability to safeguard assets from material loss, ensure material compliance with relevant laws and regulations, and ensure that mate...
Management Letter: IRS' Accounting Procedures and Internal Controls
AIMD-98-211R: Published: Sep 2, 1998. Publicly Released: Sep 2, 1998.
GAO provided information on additional matters it identified in its audit of the Internal Revenue Service's (IRS) custodial financial statements for fiscal year 1997 regarding accounting procedures and internal controls that could be improved.GAO noted that: (1) it found errors in deriving the financial statement balances; (2) yearend closing journal entries and schedules prepared to support the c...
Forest Service: Financial Management Issues
T-AIMD-98-231: Published: Jul 9, 1998. Publicly Released: Jul 9, 1998.
GAO discussed the weaknesses in the Forest Service's financial accounting and reporting systems reported by the Department of Agriculture's (USDA) Office of Inspector General (IG).GAO noted that: (1) in July 1996, the USDA IG issued an adverse audit opinion, thereby concluding that the Forest Service's financial statements for fiscal year (FY) 1995 were unreliable overall; (2) among the more serio...
Air Force Supply Management: Analysis of Activity Group's Financial Reports, Prices, and Cash Management
AIMD/NSIAD-98-118: Published: Jun 8, 1998. Publicly Released: Jun 8, 1998.
Pursuant to a congressional request, GAO reviewed the financial operations of the Department of Defense (DOD) Working Capital Fund, focusing on the: (1) accuracy and consistency of the Air Force supply management activity group's (SMAG) accounting and budgetary reports; (2) group's price-setting process; and (3) Air Force Working Capital Fund's cash management practices.GAO noted that: (1) the Air...
Internal Revenue Service: Remaining Challenges to Achieve Lasting Financial Management Improvements
T-AIMD/GGD-98-139: Published: Apr 15, 1998. Publicly Released: Apr 15, 1998.
GAO discussed its audit of the Internal Revenue Service's (IRS) fiscal year (FY) 1997 custodial financial statements.GAO noted that: (1) in issuing an unqualified opinion on the FY 1997 custodial statements within the statutory deadline of March 1, GAO reported that the over $1.6 trillion in tax revenue, $142 billion in tax refunds, and $28 billion in net taxes receivable reported by the IRS were...
Financial Audit: 1997 Consolidated Financial Statements of the United States Government
AIMD-98-127: Published: Mar 31, 1998. Publicly Released: Mar 31, 1998.
GAO reviewed the 1997 consolidated financial statements of the United States government.GAO noted that: (1) significant financial systems weaknesses, problems with fundamental recordkeeping, incomplete documentation, and weak internal controls, including computer controls, prevent the government from accurately reporting a large portion of its assets, liabilities, and costs; (2) these deficiencies...
Forest Service: Status of Progress Toward Financial Accountability
AIMD-98-84: Published: Feb 27, 1998. Publicly Released: Feb 27, 1998.
Pursuant to a congressional request, GAO reviewed the Forest Service's efforts to correct the financial problems identified in the Department of Agriculture (USDA) Inspector General's (IG) audit report on its fiscal year (FY) 1995 financial statements, focusing on the Forest Service's: (1) implementation of a new financial accounting system; (2) correction of certain accounting deficiencies; (3) r...
Financial Audit: Examination of IRS' Fiscal Year 1997 Custodial Financial Statements
AIMD-98-77: Published: Feb 26, 1998. Publicly Released: Feb 26, 1998.
Pursuant to a legislative requirement, GAO examined the Internal Revenue Service's (IRS) custodial financial statements for fiscal year (FY) ending September 30, 1997.GAO noted that: (1) the IRS custodial financial statements were reliable in all material respects; (2) IRS management's assertion about the effectiveness of internal controls stated that except for the material weaknesses in internal...