Internal controls (71 - 80 of 2,138 items)
Defense Contract Audit Agency: Additional Guidance Needed Regarding DCAA's Use of Companies' Internal Audit Reports
GAO-15-44: Published: Nov 12, 2014. Publicly Released: Nov 12, 2014.
The Defense Contract Audit Agency (DCAA) revised its guidance in the Contract Audit Manual to address the documentation requirements mandated by section 832 of the National Defense Authorization Act (NDAA) for Fiscal Year 2013, but implementation has been inconsistent. The revisions include provisions for DCAA auditors to document (1) that access to company internal audit reports is necessary to a...
Financial Audit: IRS's Fiscal Years 2014 and 2013 Financial Statements
GAO-15-173: Published: Nov 12, 2014. Publicly Released: Nov 12, 2014.
In GAO's opinion, the Internal Revenue Service's (IRS) fiscal years 2014 and 2013 financial statements are fairly presented in all material respects. However, in GAO's opinion, IRS did not maintain effective internal control over financial reporting as of September 30, 2014, because of a continuing material weakness in internal control over unpaid tax assessments. GAO's tests of IRS's compliance w...
Financial Audit: Bureau of the Fiscal Service's Fiscal Years 2014 and 2013 Schedules of Federal Debt
GAO-15-157: Published: Nov 10, 2014. Publicly Released: Nov 10, 2014.
In GAO's opinion, the Bureau of the Fiscal Service's (Fiscal Service) Schedules of Federal Debt for fiscal years 2014 and 2013 were fairly presented in all material respects, and Fiscal Service maintained, in all material respects, effective internal control over financial reporting relevant to the Schedule of Federal Debt as of September 30, 2014. GAO's tests disclosed no instances of reportable...
Financial Audit: Office of Financial Stability (Troubled Asset Relief Program) Fiscal Years 2014 and 2013 Financial Statements
GAO-15-132R: Published: Nov 7, 2014. Publicly Released: Nov 7, 2014.
GAO found (1) the Office of Financial Stability (OFS) financial statements for the Troubled Asset Relief Program (TARP) as of and for the fiscal years ended September 30, 2014, and 2013, are presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles; (2) OFS maintained, in all material respects, effective internal control over financial reporting f...
Patient Protection and Affordable Care Act: Procedures for Reporting Certain Financial Management Information Should Be Improved
GAO-14-697: Published: Sep 22, 2014. Publicly Released: Sep 22, 2014.
The Department of Health and Human Service's (HHS) Centers for Medicare and Medicaid Services (CMS) provided GAO with most of the requested data regarding financial resources that the Center for Consumer Information and Insurance Oversight (CCIIO) and other CMS offices received, used, and expect to use to implement the private health insurance and health insurance exchange provisions of the Patien...
Standards for Internal Control in the Federal Government
GAO-14-704G: Published: Sep 10, 2014. Publicly Released: Sep 10, 2014.
Standards for Internal Control in the Federal Government (the “Green Book”), sets the standards for an effective internal control system for federal agencies and provides the overall framework for designing, implementing, and operating an effective internal control system.An entity uses the Green Book to help achieve its objectives related to operations, reporting, and compliance.The standard...
Federal Grants: Agencies Performed Internal Control Assessments Consistent with Guidance and Are Addressing Internal Control Deficiencies
GAO-14-539: Published: Jul 30, 2014. Publicly Released: Jul 30, 2014.
For fiscal year 2012, the processes used by the five largest grant-making agencies to conduct their internal control assessments were consistent with the requirements of Office of Management and Budget (OMB) Circular No. A-123, which requires that agencies identify significant areas within their operations in which to implement key controls, continuously monitor and test those controls, and report...
Management Report: Improvements Are Needed in the Bureau of the Fiscal Service's Information Systems Controls
GAO-14-693R: Published: Jul 18, 2014. Publicly Released: Jul 18, 2014.
During GAO's audit of the Schedules of Federal Debt Managed by the Department of the Treasury's (Treasury) Bureau of the Fiscal Service (Fiscal Service) for the fiscal years ended September 30, 2013, and 2012, GAO identified 14 new information systems general control deficiencies related to security management, access controls, and configuration management. In a separately issued Limited Official...
Improper Payments: Government-Wide Estimates and Reduction Strategies
GAO-14-737T: Published: Jul 9, 2014. Publicly Released: Jul 9, 2014.
Federal agencies reported an estimated $105.8 billion in improper payments in fiscal year 2013, a decrease from the prior year revised estimate of $107.1 billion. The fiscal year 2013 estimate was attributable to 84 programs spread among 18 agencies. The specific programs included in the government-wide estimate may change from year to year. For example, with Office of Management and Budget (OMB)...
Management Report: Improvements Are Needed to Enhance the Internal Revenue Service's Internal Controls
GAO-14-433R: Published: Jul 2, 2014. Publicly Released: Jul 2, 2014.
During GAO’s audit of the Internal Revenue Service’s (IRS) fiscal year 2013 financial statements, it identified the following eight new internal control deficiencies, including the first item listed below that was included in GAO’s report on the results of its fiscal year 2013 financial statement audit as a contributing factor to IRS’s continuing significant deficiency in internal control...