Auditing standards (21 - 30 of 529 items)
Securities And Exchange Commission: Continued Management Attention Would Strengthen Internal Supervisory Controls
GAO-13-314: Published: Apr 18, 2013. Publicly Released: Apr 18, 2013.
After the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) in 2010, the Securities and Exchange Commission's (SEC) Office of Compliance Inspections and Examinations, Division of Corporation Finance, and Division of Enforcement (herein "the offices") established a working group that developed an internal supervisory control framework. Internal supervisory co...
Civil Rights: Additional Actions in Pigford II Claims Process Could Reduce Risk of Improper Determinations
GAO-13-69R: Published: Dec 7, 2012. Publicly Released: Dec 7, 2012.
The parties charged with carrying out the terms of the Pigford II settlement agreement have created numerous internal control measures designed to balance various interests including accuracy, efficiency, and cost. Many of these measures serve to identify and deny fraudulent or otherwise invalid claims. For example, the parties conduct iterative reviews of each claim and identify potential fraud c...
2011 Government Auditing Standards Listing of Technical Changes
D06244: Dec 23, 2011
This document is a listing of technical changes related to the 2011 Government Auditing Standards. ...
Defense Contract Audits: Actions Needed to Improve DCAA's Access to and Use of Defense Company Internal Audit Reports
GAO-12-88: Published: Dec 8, 2011. Publicly Released: Dec 8, 2011.
The Defense Contract Audit Agency (DCAA) has a critical role in contract oversight. DCAA audits are intended to help provide reasonable assurance that defense company policies for safeguarding assets and complying with contractual requirements are fulfilled. Defense companies also maintain their own internal audit departments to monitor policies, procedures, and business systems related to their g...
State Department Inspector General: Actions to Address Independence and Effectiveness Concerns Are Under Way
GAO-11-382T: Published: Apr 5, 2011. Publicly Released: Apr 5, 2011.
In 2007 GAO reported on concerns with the independence and effectiveness of the Department of State Inspector General (State OIG). GAO was asked to provide testimony on the issues we raised and the status of recommendations made to the State OIG in that report. This testimony focuses on the importance of auditor and IG independence, GAO's prior concerns with the State OIG's independence and effect...
Government Auditing Standards: 2010 Exposure Draft
GAO-10-853G: Published: Aug 1, 2010. Publicly Released: Aug 1, 2010.
This letter describes the process used by GAO for revising GAGAS, summarizes the proposed major changes, discusses proposed effective dates, and provides instructions for submitting comments on the proposed standards.The proposed revision to GAGAS will be the sixth since GAO first issued the standards in 1972. The proposed changes contained in the 2010 Exposure Draft update GAGAS to reflect major...
Internal Revenue Service: Status of GAO Financial Audit and Related Financial Management Report Recommendations
GAO-10-597: Published: Jun 30, 2010. Publicly Released: Jun 30, 2010.
In its role as the nation's tax collector, the Internal Revenue Service (IRS) has a demanding responsibility to annually collect trillions of dollars in taxes, process hundreds of millions of tax and information returns, and enforce the nation's tax laws. Since its first audit of IRS's financial statements in fiscal year 1992, GAO has identified a number of weaknesses in IRS's financial management...
Management Report: Improvements Needed in SEC's Internal Controls and Accounting Procedures
GAO-10-443R: Published: Mar 31, 2010. Publicly Released: Mar 31, 2010.
On November 16, 2009, we issued our opinion on the U.S. Securities and Exchange Commission's (SEC) fiscal years 2009 and 2008 financial statements. We also issued our opinion on the effectiveness of SEC's internal controls over financial reporting as of September 30, 2009, and our evaluation of SEC's compliance with selected provisions of laws and regulations during fiscal year 2009. The purpose o...
Financial Audit: Securities and Exchange Commission's Financial Statements for Fiscal Years 2009 and 2008
GAO-10-250: Published: Nov 16, 2009. Publicly Released: Nov 16, 2009.
Established in 1934 to enforce the securities laws and protect investors, the United States 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...
Financial Audit: IRS's Fiscal Years 2009 and 2008 Financial Statements
GAO-10-176: Published: Nov 10, 2009. Publicly Released: Nov 10, 2009.
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 Government Accountability Office (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...