Accounting procedures (71 - 80 of 90 items)
CPA Audit Quality: Arthur Young and Company's Work at Bell Helicopter Textron Inc.
AFMD-89-6: Published: Dec 19, 1988. Publicly Released: Dec 19, 1988.
In response to a congressional request, GAO reviewed certain aspects of a certified public accountant's (CPA) audits of a government contractor subsidiary's consolidated financial statements to determine whether the CPA firm: (1) considered government audit findings on the subsidiary from 1982 through 1985; and (2) audited the subsidiary's inventory and inventory control systems. GAO also provided...
Boating and Fishing: Administration of the Wallop-Breaux Trust Fund
RCED-89-32BR: Published: Oct 26, 1988. Publicly Released: Oct 26, 1988.
In response to a congressional request, GAO analyzed the Sport Fish Restoration Account of the Aquatic Resource Trust Fund to determine: (1) why the revenues increased; (2) the accuracy of the Department of the Treasury's revenue estimates and accounting procedures; and (3) how states spent their funds. GAO also analyzed the Fund's Boat Safety Account to determine how states and the Coast Guard us...
Financial Management: Examples of Weaknesses
AFMD-88-35BR: Published: Feb 25, 1988. Publicly Released: Mar 28, 1988.
In response to a congressional request, GAO provided examples of weaknesses in the federal financial management structure.GAO found examples of a wide range of problems, including: (1) lack of centralized and agency financial management leadership and long-range planning; (2) inadequate financial management systems; (3) weaknesses in internal controls; (4) lack of periodic preparation and audit of...
Army Inventory Management: Inventory and Physical Security Problems Continue
NSIAD-88-11: Published: Oct 9, 1987. Publicly Released: Oct 22, 1987.
In response to a congressional request, GAO reviewed the Army's inventory management to determine its effectiveness and the adequacy of inventories' physical security.GAO found that the Army: (1) was not fully aware of the extent of inventory inaccuracies existing at the wholesale and retail levels, or what the inaccuracies represented in terms of dollar value or quantity of items; (2) failed to m...
Financial Management: Defense Accounting Adjustments for Stock Fund Obligations Are Illegal
AFMD-87-1: Published: Mar 11, 1987. Publicly Released: Mar 11, 1987.
GAO reviewed the magnitude of a series of Department of Defense (DOD) obligation adjustments to determine whether: (1) the procedures the Army and Air Force used to calculate and record the adjustments were proper; and (2) the adjustments complied with existing legal requirements.GAO found that: (1) it was not in the government's interest for DOD to augment current appropriations through retroacti...
Financial Audit: Gorgas Memorial Institute's Financial Statements for 1985 and 1984
AFMD-87-11: Published: Nov 26, 1986. Publicly Released: Nov 26, 1986.
GAO examined the financial statements of the Gorgas Memorial Institute of Tropical and Preventive Medicine, Inc., for the years ended September 30, 1985 and 1984.GAO found that: (1) the financial statements presented fairly the financial position of the Institute, the results of its operations, and the changes in its financial position, in conformity with generally accepted accounting principles a...
Federal Agencies' Bill Paying Performance
130531: Jul 29, 1986
In response to a congressional request, GAO discussed its assessment of federal agencies' timeliness in paying the private sector for the more than $200 billion of goods and services the government purchases each year. GAO found that passage of the Prompt Payment Act and its implementation by the Office of Management and Budget (OMB) have substantially improved the government's bill-paying perform...
Debt Collection: Navy Efforts To Collect Debts From Former Service Members
AFMD-86-51BR: Published: May 19, 1986. Publicly Released: Jun 6, 1986.
Pursuant to a congressional request, GAO obtained information on the Navy's efforts to: (1) collect out-of-service receivables; (2) implement the Debt Collection Act of 1982; (3) improve its system of accounting for and controlling out-of-service receivables; and (4) address the problems cited in a 1981 GAO report.GAO found that: (1) out-of-service receivables increased significantly while collect...
Information on Duplicate Payments to Contractors by DLA's DCASR in Cleveland, OH
AFMD-85-71: Published: Aug 20, 1985. Publicly Released: Aug 20, 1985.
GAO examined the issue of duplicate payments by the government to contractors, surveying procedures at selected federal payment centers, including the Defense Logistics Agency's (DLA) Defense Contract Administration Services Region (DCASR) in Cleveland, Ohio.A review of the DCASR records containing government checks and contractor refunds and an analysis of payment transactions showed that: (1) pr...
Department of Defense Distinguished Visitors' Program Fund
NSIAD-85-63: Published: Apr 10, 1985. Publicly Released: Apr 10, 1985.
In response to a congressional request, GAO reviewed Department of Defense (DOD) directives, issued in compliance with recommendations, for improving accounting procedures for expenditures incurred in entertaining visiting foreign dignitaries.GAO noted that DOD extends invitations to foreign officials to visit U.S. military installations in order to strengthen ties with important military allies....