Internal controls (51 - 60 of 186 items)
Financial Management: Problems in Accounting for Navy Transactions Impair Funds Control and Financial Reporting
AIMD-99-19: Published: Jan 19, 1999. Publicly Released: Jan 19, 1999.
Pursuant to a legislative requirement, GAO reviewed the effects of in-transit disbursements on the Navy's funds control and financial reporting.GAO noted that: (1) the Navy and the Department of Defense (DOD) have not established adequate funds control as required by the Antideficiency Act; (2) current policies and procedures permit the Navy to delay for about 5 years: (a) the recording of obligat...
Internal Controls: Reporting Air Force Vendor Payment System Weaknesses Under the Federal Managers' Financial Integrity Act
AIMD-99-33R: Published: Dec 21, 1998. Publicly Released: Dec 21, 1998.
GAO provided information on the Department of Defense's (DOD): (1) reporting of the Air Force's vendor payment system weaknesses; and (2) efforts to implement corrective action. GAO made recommendations in its previous report to strengthen payment processing controls, revise vendor payment system access levels, and reduce the number of employees with vendor payment system access.GAO noted that: (1...
Financial Management: Improvements Needed in Air Force Vendor Payment Systems and Controls
T-AIMD-98-308: Published: Sep 28, 1998. Publicly Released: Sep 28, 1998.
Pursuant to a congressional request, GAO discussed the current status of internal controls over the process for Air Force vendor payments, focusing on two recent cases of payment fraud.GAO noted that: (1) the two cases of Air Force vendor payment fraud resulted from a weak internal control environment; (2) the lack of segregation of duties and other control weaknesses created an environment where...
Defense Financial Audits Issue Area: Active Assignments
AA-98-23(3): Published: Aug 1, 1998. Publicly Released: Aug 1, 1998.
GAO provided information on its active assignments in the Defense Financial Audits issue area as of August 17, 1998...
Financial Audit: DOD Mission Asset Existence Verification
AIMD-98-196R: Published: May 29, 1998. Publicly Released: May 29, 1998.
Pursuant to a congressional request, GAO reviewed key aspects of the work that was done throughout the Army, the Navy, and the Air Force to verify the existence of military equipment as part of the fiscal year 1997 financial statement audit.GAO noted that: (1) in June 1997, the Department of Defense Inspector General, the Army Audit Agency, the Air Force Audit Agency, the Naval Audit Service, and...
Department of Defense: Financial Audits Highlight Continuing Challenges to Correct Serious Financial Management Problems
T-AIMD/NSIAD-98-158: Published: Apr 16, 1998. Publicly Released: Apr 16, 1998.
GAO discussed the status of financial management at the Department of Defense (DOD), focusing on: (1) serious material weaknesses now confronting DOD; (2) the resulting impact on DOD's ability to effectively carry out its programs and operations; and (3) the efforts under way to address these deficiencies.GAO noted that: (1) serious material weaknesses were found in DOD systems and processes relie...
Financial Management: DOD Progress Payment Distribution Procedures
AIMD-97-107R: Published: Jul 21, 1997. Publicly Released: Jul 21, 1997.
Pursuant to a congressional request, GAO provided information on selected Department of Defense (DOD) progress payment accounting methods which are being used, or have been used over the past several years, to distribute contract progress payments, focusing on the differences between and results of each of the progress payment accounting methods.GAO noted that: (1) Defense Finance and Accounting S...
Payment Processing (Coast Guard)
AIMD-97-35R: Published: Jan 27, 1997. Publicly Released: Jan 27, 1997.
Pursuant to an agency request, GAO reviewed the Coast Guard's proposed streamlining of its voucher examination program. GAO noted that: (1) for small purchases under $2,500 made with a government credit card, it had no objection to the Coast Guard retaining supporting receipts and documents at the field offices provided that the employees responsible for maintaining the documents are familiar with...
CFO Act Financial Audits: Navy Plant Property Accounting and Reporting Is Unreliable
AIMD-96-65: Published: Jul 8, 1996. Publicly Released: Jul 8, 1996.
GAO reviewed the Navy's fiscal year (FY) 1994 consolidated financial reports, focusing on the areas contributing to the inaccurate financial reporting of the Navy's plant property account balance.GAO found that: (1) substantial weaknesses in the Navy's financial reporting systems caused the Navy to submit inaccurate FY 1994 financial reports; (2) the Defense Finance and Accounting Service (DFAS) e...
CFO Act Financial Audits: Increased Attention Must Be Given to Preparing Navy's Financial Reports
AIMD-96-7: Published: Mar 27, 1996. Publicly Released: Mar 27, 1996.
GAO reviewed the Navy's fiscal year (FY) 1994 consolidated financial reports, focusing on how the Navy and the Defense Finance and Accounting Service (DFAS) can: (1) improve the credibility of the Navy's FY 1995 financial reports; and (2) enhance their ability to prepare the Navy's FY 1996 annual financial statements.GAO found that: (1) the Navy's FY 1994 consolidated financial reports were not re...