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Federal agency accounting systems (51 - 60 of 206 items)
Financial Management: DOD's Liability for the Disposal of Conventional Ammunition Can Be Estimated
AIMD-98-32: Published: Dec 19, 1997. Publicly Released: Dec 19, 1997.
Pursuant to a legislative requirement, GAO reviewed the Department of Defense's (DOD) implementation of the requirement to disclose the liability associated with the disposal of various types of assets, specifically conventional ammunition.GAO noted that: (1) DOD has not yet implemented the federal accounting standard that requires recognizing and reporting liabilities such as those associated wit...
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: DOD Needs to Expedite Plans to Implement Deferred Maintenance Accounting Standard
AIMD-97-159R: Published: Sep 30, 1997. Publicly Released: Sep 30, 1997.
GAO reviewed the status of the Department of Defense's (DOD) efforts to develop agencywide policies to address the deferred maintenance standard for mission assets and to emphasize the importance of developing timely DOD-wide guidance.GAO noted that: (1) the development of DOD policy and implementing guidance for deferred maintenance is essential to ensure consistent reporting among the services a...
Credit Reform: Review of OMB's Credit Subsidy Model
AIMD-97-145: Published: Aug 29, 1997. Publicly Released: Aug 29, 1997.
Pursuant to a legislative requirement, GAO reviewed the Office of Management and Budget's (OMB) Credit Management Subsidy Model (CSM), focusing on whether the CSM: (1) conforms with relevant provisions of applicable legislation and accounting standards; (2) provides reliable results; and (3) is maintained and operated under a system of adequate controls. An additional objective was to identify sup...
Financial Audit: Examination of IRS' Fiscal Year 1996 Administrative Financial Statements
AIMD-97-89: Published: Aug 29, 1997. Publicly Released: Aug 29, 1997.
Pursuant to a legislative requirement, GAO audited the Administrative Financial Statements for the Internal Revenue Service (IRS) for fiscal year 1996.GAO noted that: (1) these Administrative Financial Statements did not report on activities related to IRS' custodial responsibilities for implementing federal tax legislation, including collecting federal tax revenues, refunding overpayments of taxe...
Financial Management: Forest Service's Progress Toward Financial Accountability
AIMD-97-151R: Published: Aug 29, 1997. Publicly Released: Aug 29, 1997.
Pursuant to a legislative requirement, GAO monitored the Forest Service's progress in improving the reliability of its accounting and financial data, focusing on corrective actions the Forest Service has taken as well as the key tasks it must still perform in order to ensure the reliability of its accounting and financial data.GAO noted that: (1) the U.S Department of Agriculture (USDA) Inspector...
Financial Management: Factors to Consider in Estimating Environmental Liabilities for Removing Hazardous Materials in Nuclear Submarines and Ships
AIMD-97-135R: Published: Aug 7, 1997. Publicly Released: Aug 7, 1997.
Pursuant to a legislative requirement, GAO reviewed factors the Department of Defense (DOD) should consider in its efforts to meet the new Statements of Financial Accounting Standards (SFFAS) 6 requirement for reporting environmental liabilities for the cleanup of hazardous materials related to property, plant, and equipment, focusing on: (1) whether an estimate of the minimum environmental liabil...
Financial Audit: Senate Restaurants Revolving Fund for Fiscal Years 1996 and 1995
AIMD-97-93: Published: May 16, 1997. Publicly Released: May 16, 1997.
Pursuant to a congressional request, GAO reviewed the financial statements of the Senate Restaurants Revolving Fund as of September 28, 1996 and September 30, 1995, and for the years then ended. GAO contracted with KPMG Peat Marwick LLP (KPMG) 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 reli...
Civil Financial Audits Issue Area: Active Assignments
AA-97-24(2): Published: Apr 15, 1997. Publicly Released: Apr 15, 1997.
GAO provided information on its active assignments in the Civil Financial Audits issue area as of April 15, 1997...
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...