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Federal agency accounting systems (31 - 40 of 264 items)
Financial Audit: Examination of IRS' Fiscal Year 1996 Custodial Financial Statements
AIMD-98-18: Published: Dec 24, 1997. Publicly Released: Dec 24, 1997.
Pursuant to a legislative requirement, GAO examined the Internal Revenue Service's (IRS) custodial financial statements for fiscal year (FY) 1996.GAO noted that: (1) GAO was unable to give an opinion on the statement of financial position because IRS could not provide adequate documentation to support its balance of federal taxes receivable; (2) the statement of custodial activity was reliable in...
Financial Management: Implementation of the Federal Financial Management Improvement Act of 1996
AIMD-98-1: Published: Oct 1, 1997. Publicly Released: Oct 1, 1997.
Pursuant to a legislative requirement, GAO provided information on: (1) the requirements of the Federal Financial Management Improvement Act (FFMIA) of 1996; (2) efforts under way to implement the act; (3) challenges that agencies face in achieving full compliance with those requirements; and (4) the status of federal accounting standards.GAO noted that: (1) it is too early to tell the extent to w...
Financial Management: Improved Reporting Needed for DOD Problem Disbursements
AIMD-97-59: Published: May 1, 1997. Publicly Released: May 1, 1997.
Pursuant to a legislative requirement, GAO reviewed the Department of Defense's (DOD) reporting on the amount of its problem disbursements, focusing on whether DOD's reporting is producing accurate and consistent data needed to effectively measure its progress and manage the reduction of its problem disbursements. GAO did not audit the validity of the underlying disbursement data.GAO noted that: (...
DOD Problem Disbursements
AIMD-97-36R: Published: Feb 20, 1997. Publicly Released: Feb 20, 1997.
GAO reviewed the Department of Defense's (DOD) decision to exclude certain problem disbursements from its monthly report, beginning with the November 1996 problem disbursement report.GAO noted that: (1) prior to the November 1996 report, three categories of problem disbursements were included in the monthly reports: (a) unmatched disbursements, which are transactions that were not matched to oblig...
Financial Management: Challenges Facing the IRS
T-AIMD-97-34: Published: Jan 9, 1997. Publicly Released: Jan 9, 1997.
GAO discussed the Internal Revenue Service's (IRS) financial management challenges. GAO noted that: (1) GAO efforts to audit IRS accounting records have resulted in a disclaimer of opinions each year; (2) IRS' inability to account for tax collections in total and by type of tax collected reduces the Congress' and others' ability to fully assess the effectiveness of tax policies to achieve their in...
DFOH Financial Management
AIMD-96-167R: Published: Sep 30, 1996. Publicly Released: Sep 30, 1996.
Pursuant to a congressional request, GAO reviewed allegations of fiscal mismanagement by the Division of Federal Occupational Health (DFOH) within the Health Resources and Services Administration (HRSA). GAO noted that during fiscal years 1992 and 1993: (1) DFOH did not violate the Economy Act by including regional office rent allocations in the costs to be reimbursed under interagency agreements,...
IRS Financial Audits: Status of Efforts to Resolve Financial Management Weaknesses
T-AIMD-96-170: Published: Sep 19, 1996. Publicly Released: Sep 19, 1996.
GAO discussed the Internal Revenue Service's (IRS) efforts to prepare reliable financial statements and improve its financial management, focusing on: (1) IRS implementation of GAO recommendations to correct financial management weaknesses; (2) IRS progress in addressing major problems that have prevented GAO from expressing an opinion on its financial statements; (3) IRS problems in developing Ta...
Financial Audit: Examination of IRS' Fiscal Year 1995 Financial Statements
AIMD-96-101: Published: Jul 11, 1996. Publicly Released: Jul 11, 1996.
Pursuant to a legislative requirement, GAO reviewed the Internal Revenue Service's (IRS) financial statements for fiscal years 1995 and 1994.GAO found that: (1) it could not express an opinion of the 1995 IRS financial statement due to limitations in the scope of its work; (2) the information in the 1995 statement may be unreliable; (3) ongoing financial management problems include IRS inability t...
CFO Act Financial Audits: Navy Plant Property Accounting and Reporting Is Unreliable
AIMD-96-65: Published: Jul 8, 1996. Publicly Released: Jul 8, 1996.
GAO reviewed the Navy's fiscal year (FY) 1994 consolidated financial reports, focusing on the areas contributing to the inaccurate financial reporting of the Navy's plant property account balance.GAO found that: (1) substantial weaknesses in the Navy's financial reporting systems caused the Navy to submit inaccurate FY 1994 financial reports; (2) the Defense Finance and Accounting Service (DFAS) e...
Indian Trust Fund Testimony Qs&As
AIMD-96-125R: Published: Jun 24, 1996. Publicly Released: Jun 24, 1996.
Pursuant to a congressional request, GAO provided information on the Bureau of Indian Affairs' (BIA) management of Indian trust funds and implementation of the Indian Trust Fund Management Act of 1994. GAO noted that: (1) trust fund reports to tribes contained limited information because some reconciliation procedures were not performed as originally envisioned and explanations of certain features...