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Federal agency accounting systems (81 - 90 of 175 items)
Financial Audit: Examination of IRS' Fiscal Year 1994 Financial Statements
AIMD-95-141: Published: Aug 4, 1995. Publicly Released: Aug 4, 1995.
Pursuant to a legislative requirement, GAO examined the Internal Revenue Service's (IRS) financial statements for fiscal years (FY) 1993 and 1994.GAO found that: (1) critical supporting information for IRS financial statements was not available; (2) the available information was generally unreliable due to ineffective internal controls; (3) IRS internal controls did not effectively safeguard asset...
Defense Financial Audits Issue Area: Active Assignments
AA-95-28(3): Published: Jul 1, 1995. Publicly Released: Jul 1, 1995.
GAO provided information on its active assignments in the Defense Financial Audits issue area as of July 6, 1995...
Government Corporations: CFO Act Management Reporting Could Be Enhanced
AIMD-94-73: Published: Sep 19, 1994. Publicly Released: Sep 19, 1994.
GAO reviewed government corporations' compliance with the Chief Financial Officers Act's (CFO) management reporting requirements, focusing on whether the corporations: (1) submitted 1992 financial statements that reasonably reflected their financial condition; (2) adequately assessed their internal controls; and (3) had sufficient guidance to effectively implement the act's reporting requirements...
Social Security: Trust Funds Can Be More Accurately Funded
HEHS-94-48: Published: Sep 2, 1994. Publicly Released: Sep 2, 1994.
Pursuant to a congressional request, GAO reviewed the effect of unreported tax-exempt income on the taxation of social security benefits, focusing on: (1) additional compliance measures that would improve the Internal Revenue Service's (IRS) ability to assess and collect social security benefit taxes; and (2) how the Department of the Treasury and IRS determine the amount of revenue owed to social...
Navy Financial Reports
AIMD-94-166R: Published: Aug 11, 1994. Publicly Released: Aug 11, 1994.
GAO analyzed the changes in financial data in the Navy's annual financial reports for fiscal years (FY) 1992 and 1993, focusing on the discrepancies in the amounts shown for property, plants, and equipment. GAO noted that: (1) the valuations for Navy property, plants, and equipment in the FY 1992 and 1993 reports were $17.7 billion and $163.3 billion, respectively, which were less than the amounts...
Financial Audits: CFO Implementation at IRS and Customs
T-AIMD-94-164: Published: Jul 28, 1994. Publicly Released: Jul 28, 1994.
GAO discussed the Internal Revenue Service's (IRS) and the Customs Service's compliance with the Chief Financial Officers (CFO) Act's financial reporting requirements. GAO noted that: (1) although it was unable to provide an opinion on IRS and Customs' fiscal year 1993 financial statements because of continuing financial management problems, IRS and Customs have made significant improvements to th...
Defense Business Operations Fund
AIMD-94-159R: Published: Jul 26, 1994. Publicly Released: Jul 26, 1994.
Pursuant to an agency request, GAO commented on the proposed Defense Business Operations Fund Management Report. GAO noted that: (1) uniform implementation of the new reporting requirements across all fund activities will provide a monthly portrait of the fund's overall financial status and serve as a building block for preparing the year-end reports; (2) the report needs to incorporate performanc...
Financial Management: Status of CFO Act Implementation at the Department of Commerce
T-AIMD-94-150: Published: Jun 28, 1994. Publicly Released: Jun 28, 1994.
GAO discussed the Department of Commerce's implementation of the Chief Financial Officers (CFO) Act. GAO noted that: (1) Commerce's CFO and deputy CFO have extensive financial management backgrounds, are committed to the act's objectives, and have developed plans for implementing the act, but they have additional nonfinancial management responsibilities that could distract them from concentrating...
Financial Audit: Examination of Customs' Fiscal Year 1993 Financial Statements
AIMD-94-119: Published: Jun 15, 1994. Publicly Released: Jun 15, 1994.
Pursuant to a legislative requirement, GAO audited the Customs Service's financial statements for fiscal year (FY) 1993.GAO found that: (1) Customs was unable to resolve all the critical problems that were identified in its FY 1992 financial statement audit; (2) Customs had unreliable financial information, inadequate financial systems and processes, and an ineffective internal control structure;...
Air Force FY 1992 Financial Audits
AIMD-94-129R: Published: Jun 7, 1994. Publicly Released: Jun 7, 1994.
GAO reviewed the fiscal year 1992 audits of the Air Force's consolidated financial statements and its Defense Business Operations Fund (DBOF) activities. GAO noted that the: (1) DBOF financial audits were reported in a thorough and straightforward manner; (2) Department of Defense (DOD) Inspector General needs to be more proactive on future mandated audits and provide greater oversight of Air Forc...