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Federal agency accounting systems (11 - 20 of 206 items)
Auditing the Nation's Finances: Fiscal Year 1999 Results Continue to Highlight Major Issues Needing Resolution
T-AIMD-00-137: Published: Mar 31, 2000. Publicly Released: Mar 31, 2000.
GAO discussed the results of its report on the U.S. government's financial statements for fiscal year (FY) 1999.GAO noted that: (1) significant financial systems weaknesses, problems with fundamental recordkeeping and financial reporting, incomplete documentation, and weak internal controls continue to prevent the government from accurately reporting a significant portion of its assets, liabilitie...
Financial Audit: 1999 Financial Report of the United States Government
AIMD-00-131: Published: Mar 31, 2000. Publicly Released: Mar 31, 2000.
Pursuant to a legislative requirement, GAO reviewed the annual audited financial statements for 24 major departments and agencies of the U.S. government.GAO noted that: (1) certain significant financial systems weaknesses, problems with fundamental recordkeeping and financial reporting, incomplete documentation, and weak internal control, including computer controls, continue to prevent the govern...
Financial Audit: IRS' Fiscal Year 1999 Financial Statements
AIMD-00-76: Published: Feb 29, 2000. Publicly Released: Feb 29, 2000.
Pursuant to a legislative requirement, GAO audited the Internal Revenue Service's (IRS) fiscal year (FY) 1999 financial statements.GAO noted that: (1) during FY 1999, IRS had made a number of improvements to address some of the management issues GAO raised in previous reports; (2) GAO noted improvements in IRS': (a) overall financial reporting; (b) records of accounts payable; (c) amounts held in...
Financial Management: Financial Management Weaknesses at the Department of Education
T-AIMD-00-50: Published: Dec 6, 1999. Publicly Released: Dec 6, 1999.
GAO discussed its review of the independent auditors' reports on the Department of Education's financial statements covering fiscal year (FY) 1998, focusing on: (1) weaknesses in the financial reporting process; (2) inadequate reconciliations of financial accounting records; and (3) inadequate controls over information systems.GAO noted that: (1) the independent auditors found that the Department...
Financial Management: Increased Attention Needed to Prevent Billions in Improper Payments
AIMD-00-10: Published: Oct 29, 1999. Publicly Released: Nov 5, 1999.
Pursuant to a congressional request, GAO provided information on improper payments in light of the projected future growth of federal expenditures, focusing on the: (1) amounts reported by agencies as improper payments in their fiscal year (FY) 1998 financial statements prepared pursuant to the Chief Financial Officers (FO) Act of 1990; (2) types of federal programs at risk of disbursing improper...
Financial Management: Federal Financial Management Improvement Act Results for Fiscal Year 1998
AIMD-00-3: Published: Oct 1, 1999. Publicly Released: Oct 1, 1999.
Pursuant to a legislative requirement, GAO reviewed federal agencies' efforts to implement the Federal Financial Management Improvement Act (FFMIA), focusing on: (1) compliance of chief financial officer (CFO) agencies' financial systems with FFMIA's requirements; (2) whether CFO agencies' financial statements have been prepared in accordance with applicable accounting standards; and (3) agencies'...
Financial Management: Financial Audit Results at GSA, EPA, and DOT
T-AIMD-99-301: Published: Sep 30, 1999. Publicly Released: Sep 30, 1999.
Pursuant to a congressional request, GAO discussed the results of the financial statement audits of the General Services Administration (GSA), the Environmental Protection Agency (EPA), and the Department of Transportation (DOT).GAO noted that: (1) GSA is the federal government's business manager and is responsible for space acquisition and management, retail and wholesale supply sales, fleet mana...
Executive Guide: Creating Value Through World-Class Financial Management (Exposure Draft) (Superseded by AIMD-00-134)
AIMD-99-45: Published: Aug 1, 1999. Publicly Released: Aug 1, 1999.
This publication has been superseded by AIMD-00-134, Executive Guide: Creating Value Through World-class Financial Management, April 2000. GAO published a guide on the financial management practices and improvement efforts of nine leading public and private sector finance organizations to identify the success factors, practices, and outcomes associated with world-class financial management. This e...
Financial Audit: Senate Restaurants Revolving Fund for Fiscal Years 1998 and 1997
AIMD-99-185: Published: Jun 15, 1999. Publicly Released: Jun 15, 1999.
Pursuant to a congressional request, GAO reviewed the financial statements of the Senate Restaurants Revolving Fund for the fiscal years (FY) ended September 30, 1998 and 1997. GAO contracted with KPMG Peat Marwick LLP to conduct the audit.GAO noted that: (1) in its audit of the U.S. Senate Restaurants Revolving Fund, KPMG found that: (a) the financial statements were reliable in all material resp...
Department of Defense: Status of Financial Management Weaknesses and Actions Needed to Correct Continuing Challenges
T-AIMD/NSIAD-99-171: Published: May 4, 1999. Publicly Released: May 4, 1999.
Pursuant to a congressional request, GAO discussed the status of financial management at the Department of Defense (DOD), focusing on: (1) DOD's most serious financial management weaknesses; (2) the resulting impact on DOD's ability to effectively carry out its programs and operations; and (3) DOD's efforts to address these deficiencies.GAO noted that: (1) as part of the fiscal year (FY) 1998 fina...