Federal agency accounting systems (1 - 10 of 104 items)
Financial Management: Department of Homeland Security Faces Significant Financial Management Challenges
GAO-04-774: Published: Jul 19, 2004. Publicly Released: Jul 29, 2004.
When the Department of Homeland Security (DHS) began operations in March 2003, it faced the daunting task of bringing together 22 diverse agencies. This transformation poses significant management and leadership challenges, including integrating a myriad of redundant financial management systems and addressing the existing weaknesses in the inherited components, as well as newly identified weaknes...
U.S. Postal Service: Accounting for Postretirement Benefits
GAO-02-916R: Published: Sep 12, 2002. Publicly Released: Sep 12, 2002.
A 1992 GAO report found that the U.S. Postal Service's (USPS) use of the pay-as-you-go basis of accounting for the postretirement health benefit costs of employers participating in multiemployer plans was in accordance with existing private sector generally accepted accounting principles. GAO recently concluded that that report did not adequately consider the potential accounting ramifications of...
Internal Controls: Federal Disbursement Controls Can Be Strengthened
GAO-01-910R: Published: Aug 13, 2001. Publicly Released: Aug 13, 2001.
GAO tested certain internal controls over federal disbursements processed by the Department of the Treasury's Financial Management Service (FMS) in fiscal year 2000. With some exceptions, FMS makes disbursements for all federal agencies through its Regional Financial Centers and Debt Management Operations Center. For fiscal year 2000, FMS reported processing approximately 890 million disbursements...
Contract Management: No DOD Proposal to Improve Contract Service Costs Reporting
GAO-01-295: Published: Feb 16, 2001. Publicly Released: Feb 16, 2001.
The Department of Defense (DOD) has not developed a proposal to improve the accuracy of the reporting of contract service costs. Without accurate and reliable information, Congress cannot effectively use the information reported for DOD in the President's budget as it drafts and passes laws that affect spending. Last year, DOD agreed to develop a proposal to resolve this problem. GAO was told rece...
Financial Management: Census Monitoring Board Disbursements, Internal Control Weaknesses, and Other Matters
AIMD-00-317: Published: Sep 29, 2000. Publicly Released: Sep 29, 2000.
Pursuant to a congressional request, GAO reviewed the financial management of the Census Monitoring Board (CMB), focusing on: (1) information on seven specific matters contained in congressional requests; (2) an audit relating to all CMB out-of-town travel disbursements and all other financial transactions over $200 from CMB's inception in June 1998 through March 31, 2000, which resulted in GAO au...
Internal Controls: Disbursement Processing Controls Need Improvement
AIMD-00-236R: Published: Aug 7, 2000. Publicly Released: Aug 7, 2000.
Pursuant to a legislative requirement, GAO provided information on the Financial Management Service's (FMS) controls over safeguarding of assets and documenting disbursements and reconciliation of reports as well as the results of previously suggested improvements.GAO noted that: (1) testing of manual controls and procedures indicated weaknesses related to the safeguarding of vulnerable negotiable...
Determining Performance and Accountability Challenges and High Risks (Exposure Draft)
OCG-00-12: Published: Aug 1, 2000. Publicly Released: Aug 1, 2000.
GAO published an exposure draft on government programs and functions that GAO has identified as "high risk" because of their greater vulnerabilities to waste, fraud, abuse, and mismanagement...
Management Letter: Suggested Improvements in IRS' Accounting Procedures and Internal Controls
AIMD-00-162R: Published: Jun 14, 2000. Publicly Released: Jun 14, 2000.
Pursuant to a legislative requirement, GAO provided information on the results of the Internal Revenue Service's (IRS) financial statements and on the effectiveness of its internal controls for fiscal year (FY) ending September 30, 1999.GAO noted that: (1) GAO found weaknesses in IRS' accounting procedures for certain assets purchased in one year but used for a multi year period; (2) IRS corrected...
Standards for Internal Control in the Federal Government (Supersedes AIMD-98-21.3.1)
AIMD-00-21.3.1: Published: Nov 1, 1999. Publicly Released: Nov 1, 1999.
This publication supersedes AIMD-98-21.3.1, Standards for Internal Control in the Federal Government (Exposure Draft), December 1997. This publication supersedes AIMD-99-21.3.1, Standards for Internal Control in the Federal Government (Exposure Draft), May 1999. GAO published a guide on internal control standards for executive agency managers as required by the Federal Managers' Financial Integrit...
Forest Service: A Framework for Improving Accountability
RCED/AIMD-00-2: Published: Oct 13, 1999. Publicly Released: Oct 26, 1999.
Pursuant to a congressional request, GAO provided information on the Forest Service's progress in improving its accounting and financial reporting, focusing on Forest Service's efforts to: (1) achieve financial accountability; (2) become more accountable for its performance; and (3) better align its budget with its strategic goals and objectives.GAO noted that: (1) since the first audit of the For...