Auditing standards (41 - 50 of 447 items)
Office of Special Trustee for American Indians: Financial Statement Audit Recommendations and the Audit Follow-Up Process
GAO-07-295R: Published: Jan 19, 2007. Publicly Released: Feb 6, 2007.
In 1994, Congress enacted the American Indian Trust Fund Management Reform Act, Pub. L. No. 103-412, recognizing the federal government's fiduciary responsibilities toward American Indians. The act called for more effective management of the Department of the Interior's (Interior) fiduciary responsibilities, required an annual audit of Indian trust funds, and created the Office of Special Trustee...
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...
Financial Audit: IRS's Fiscal Years 2006 and 2005 Financial Statements
GAO-07-136: Published: Nov 9, 2006. Publicly Released: Nov 9, 2006.
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 reliable and (2) IRS managemen...
CFC Charities: Responses to Posthearing Questions
GAO-06-959R: Published: Jul 7, 2006. Publicly Released: Jul 7, 2006.
This letter responds to Congress's request for additional information related to the subcommittee's May 25, 2006 hearing on whether charities participating in the Combined Federal Campaign (CFC) are meeting their employment tax responsibilities. Our responses are based on work performed during GAO's audit, communication with the Internal Revenue Service, GAO's views of generally accepted accountin...
Internal Control: Improvements Needed in SEC's Accounting and Financial Reporting Procedures
GAO-06-459R: Published: Apr 21, 2006. Publicly Released: Apr 21, 2006.
On November 15, 2005, we issued our report on the U.S. Securities and Exchange Commission's (SEC) fiscal years 2005 and 2004 financial statements and on SEC's internal control as of September 30, 2005. We also reported on the results of our tests of SEC's compliance with selected provisions of laws and regulations during fiscal year 2005. The purpose of this report is to discuss issues identified...
Financial Audit: Independent and Special Counsel Expenditures for the Six Months Ended September 30, 2005
GAO-06-485: Published: Mar 31, 2006. Publicly Released: Mar 31, 2006.
Pursuant to a legislative requirement, GAO audited the expenditures of one office of independent counsel and one office of special counsel for the 6 months ended September 30, 2005.In our audits covering the 6 months ended September 30, 2005, we found (1) the statements of expenditures, for the office of the Independent Counsel David M. Barrett and for the office of Special Counsel Patrick J. Fitz...
Financial Audit: Senate Restaurants Revolving Fund for Fiscal Years 2005 and 2004
GAO-06-363: Published: Mar 31, 2006. Publicly Released: Mar 31, 2006.
GAO contracted with Clifton Gunderson LLP to audit the financial statements of the Senate Restaurants Revolving Fund for fiscal years 2005 and 2004. Clifton Gunderson LLP found that (1) the financial statements were presented fairly, in all material respects, in conformity with U.S. generally accepted accounting principles; (2) the Fund maintained effective internal control over financial reportin...
Financial Audit: American Battle Monuments Commission's Financial Statements for Fiscal Years 2005 and 2004
GAO-06-348: Published: Mar 1, 2006. Publicly Released: Mar 1, 2006.
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, 2005, and 2004. The audits were done to determine whether, in all material respects, (1) the Commission's financial statements...
Financial Audit: Restatements to the Department of Agriculture's Fiscal Year 2003 Consolidated Financial Statements
GAO-06-254R: Published: Jan 25, 2006. Publicly Released: Jan 25, 2006.
The Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget (OMB), is required to annually prepare and submit audited financial statements of the U.S. government to the President and Congress. We are required to audit these consolidated financial statements (CFS) and report on the results of our work. An issue meriting concern and close scrutiny that eme...
Financial Audit: Restatements to the National Science Foundation's Fiscal Year 2003 Financial Statements
GAO-06-229R: Published: Dec 22, 2005. Publicly Released: Dec 22, 2005.
The Secretary of Treasury, in coordination with the Director of the Office of Management and Budget (OMB), is required to annually prepare and submit audited financial statements of the U.S. government to the President and Congress. We are required to audit these consolidated financial statements (CFS) and report on the results of our work. An issue meriting concern and close scrutiny that emerged...