Accounting procedures (51 - 60 of 95 items)
Federal Organizations: Structure and Oversight of Operational Boards and Commissions
T-GGD-93-11: Published: Mar 16, 1993. Publicly Released: Mar 16, 1993.
GAO discussed the structure and oversight of operational boards and commissions. GAO noted that: (1) 6 of the 17 boards and commissions selected for closer examination had operational characteristics; (2) the structure and management activities of each operational commission were guided by their authorizing legislation, and the legislation varied in requiring particular practices or activities; (3...
Financial Audit: Guaranteed Student Loan Program's Internal Controls and Structure Need Improvement
AFMD-93-20: Published: Mar 16, 1993. Publicly Released: Mar 16, 1993.
GAO reviewed the Department of Education's internal accounting controls over the Guaranteed Student Loan Program (GSLP), focusing on: (1) GSLP internal control weaknesses that have resulted in ineffective accounting, controlling, and reporting of operating results; (2) the role of guaranty agencies within the GSLP structure; and (3) the effectiveness of Education's program oversight and implementa...
Banks and Thrifts: Safety and Soundness Reforms Need to Be Maintained
T-GGD-93-3: Published: Jan 27, 1993. Publicly Released: Jan 27, 1993.
GAO discussed the condition of the banking and thrift industries, focusing on: (1) the safety and soundness provisions of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA); (2) the condition of the banking and thrift industries' insurance funds; (3) the volume of bank lending; and (4) congressional oversight. GAO noted that: (1) FDICIA requires that banks operate in a safe...
Government Management--Report on 17 High-Risk Areas
T-OCG-93-2: Published: Jan 8, 1993. Publicly Released: Jan 8, 1993.
GAO discussed its high-risk series of reports, focusing on management problems and needed corrective action in the issue areas of: (1) lending and insuring; (2) contracting; and (3) accountability. GAO noted that: (1) six federal insurance, guarantee, and lending programs are highly vulnerable to fraud, waste, abuse, and mismanagement due to poor oversight, structural inefficiencies, reliance on o...
Johnson Space Center Procurement: Controls Over Payments to Contractors Should Be Strengthened
IMTEC-93-2: Published: Oct 23, 1992. Publicly Released: Oct 23, 1992.
GAO reviewed the National Aeronautics and Space Administration's (NASA) contract management practices, focusing on the Lyndon B. Johnson Space Center's (JSC) internal controls over the management of information processing contracts, grants, and purchase orders.GAO found that: (1) while existing controls were sufficient to monitor contractor performance, JSC management directives did not require en...
General Services Administration: Actions Needed to Improve Protection Against Fraud, Waste, and Mismanagement
GGD-92-98: Published: Sep 30, 1992. Publicly Released: Oct 15, 1992.
GAO reviewed the General Services Administration's (GSA): (1) efforts in control fraud, waste, and mismanagement; (2) implementation and oversight of internal controls; (3) resolution of audit findings and recommendations; (4) Federal Managers' Financial Integrity Act (FMFIA) implementation and reporting; (5) GSA functions and activities that pose the greatest risk of losses and inefficiencies.GAO...
Army Installation Real Property
AFMD-93-4ML: Published: Oct 7, 1992. Publicly Released: Oct 7, 1992.
GAO provided information on accounting for real property at certain Army installations. GAO found that: (1) the Army installations it visited kept incomplete and inaccurate records of their real property holdings because personnel did not enter or inaccurately entered data into their respective Integrated Facilities System (IFS); (2) the installations' general ledgers were inaccurate and unreliabl...
Army Accounting Adjustments--Corps of Engineers New York District
AFMD-92-110ML: Published: Aug 20, 1992. Publicly Released: Aug 20, 1992.
GAO provided information on its review of the Army's fiscal year 1991 consolidated financial statements, focusing on adjustments necessary at the Corps of Engineers New York District. GAO found that the Army needed to make $699.8 million in accounting adjustments to the financial statements for the New York District...
Congressional Award Foundation: Internal Controls Must Be Strengthened To Ensure Financial Success
AFMD-92-80: Published: Jun 23, 1992. Publicly Released: Jun 23, 1992.
Pursuant to a congressional request, GAO reviewed issues related to the financial condition and management of the Congressional Award Foundation, focusing on the: (1) accuracy of the Foundation's 1991 financial statements; (2) effectiveness of the Foundation's financial management; and (3) Foundation's ability to operate in a financially sound manner.GAO found that the: (1) Foundation's 1991 finan...
AFMD-92-64R: Published: May 18, 1992. Publicly Released: May 18, 1992.
GAO commented on the Office of Management and Budget's (OMB) Circular A-11. GAO noted that several of its ongoing projects could have a bearing on future budget preparation issues addressed in the circular, including projects that: (1) assess the potential value of accrual accounting or cost-based budgeting concepts in budget preparation; (2) re-examine the investment implications of federal progr...