Financial records (61 - 70 of 801 items)
Financial Audit: Congressional Award Foundation's Fiscal Years 2008 and 2007 Financial Statements
GAO-09-652: Published: May 15, 2009. Publicly Released: May 15, 2009.
This report presents our opinion on the financial statements of the Congressional Award Foundation (the Foundation) for the fiscal years ended September 30, 2008, and 2007. These financial statements are the responsibility of the Foundation. This report also presents (1) our opinion on the effectiveness of the Foundation's related internal control as of September 30, 2008, and (2) the results of o...
Financial Management Systems: OMB's Financial Management Line of Business Initiative Continues but Future Success Remains Uncertain
GAO-09-328: Published: May 7, 2009. Publicly Released: May 7, 2009.
In March 2004, the Office of Management and Budget (OMB) launched the financial management line of business (FMLOB) initiative, in part, to reduce the cost and improve the quality and performance of federal financial management systems by leveraging shared service solutions and implementing other reforms. In March 2006, GAO reported that OMB's approach did not fully integrate certain fundamental s...
Financial Management: Achieving Financial Statement Auditability in the Department of Defense
GAO-09-373: Published: May 6, 2009. Publicly Released: May 6, 2009.
Since the first financial statement audit was attempted at a major Department of Defense (DOD) component over 20 years ago, GAO and DOD auditors have continued to report significant weaknesses in the department's ability to provide timely, reliable, consistent, and accurate information for management analysis, decision-making, and reporting. DOD has undertaken a number of initiatives over the year...
Financial Audit: Material Weaknesses in Internal Control Continue to Impact Preparation of the Consolidated Financial Statements of the U.S. Government
GAO-09-387: Published: Apr 21, 2009. Publicly Released: Apr 21, 2009.
Since GAO's first audit of the fiscal year 1997 consolidated financial statements of the U.S. government (CFS), material weaknesses in internal control and other limitations on the scope of our work have prevented GAO from expressing an opinion on the accrual basis CFS. Certain of those material weaknesses relate to inadequate systems, controls, and procedures to properly prepare the CFS. The purp...
Management Report: Improvements Needed in SEC's Internal Controls and Accounting Procedures
GAO-09-376R: Published: Apr 2, 2009. Publicly Released: Apr 2, 2009.
On November 14, 2008, we issued our opinion on the U.S. Securities and Exchange Commission's (SEC) fiscal years 2008 and 2007 financial statements. We also issued our opinion on the effectiveness of SEC's internal control over financial reporting (including safeguarding of assets) and over compliance as of September 30, 2008, and our evaluation of SEC's compliance with selected provisions of laws...
Financial Audit: American Battle Monuments Commission's Financial Statements for Fiscal Years 2008 and 2007
GAO-09-293: Published: Feb 27, 2009. Publicly Released: Feb 27, 2009.
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, 2008, and 2007. The audits were done to determine whether, in all material respects, (1) the Commission's financial statements...
Financial Audit: Capitol Preservation Fund's Fiscal Years 2007 and 2006 Financial Statements
GAO-09-92: Published: Dec 5, 2008. Publicly Released: Dec 5, 2008.
This report presents our opinion on the financial statements of the Capitol Preservation Fund (the Fund) for the fiscal years ended September 30, 2007, and 2006. It also discusses our consideration of the Fund's internal controls and our tests of compliance with laws and regulations during fiscal years 2007 and 2006. We conducted our audits pursuant to 2 U.S.C. 2084 and in accordance with U.S. gen...
Financial Audit: Securities and Exchange Commission's Financial Statements for Fiscal Years 2008 and 2007
GAO-09-173: Published: Nov 14, 2008. Publicly Released: Nov 14, 2008.
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, SEC is required to prepare and submit to Congress and the Office of Management and Budget audited financial statements. GAO agreed, under...
Financial Audit: IRS's Fiscal Years 2008 and 2007 Financial Statements
GAO-09-119: Published: Nov 10, 2008. Publicly Released: Nov 10, 2008.
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 fairly stated, and (2) IRS man...
Management Report: Opportunities for Improvements in FDIC's Internal Controls and Accounting Procedures
GAO-08-863R: Published: Jul 11, 2008. Publicly Released: Jul 11, 2008.
In February 2008, we issued our opinions on the calendar year 2007 financial statements of the Deposit Insurance Fund (DIF) and the FSLIC Resolution Fund (FRF). We also issued our opinion on the effectiveness of the Federal Deposit Insurance Corporation's (FDIC) internal control over financial reporting (including safeguarding assets) and compliance as of December 31, 2007, and our evaluation of F...