Federal agency accounting systems (61 - 70 of 104 items)
Pension Benefit Guaranty Corporation: Weak Financial Condition Worsened by Serious Internal Control Weaknesses
T-AFMD-91-9: Published: Aug 1, 1991. Publicly Released: Aug 1, 1991.
GAO discussed its attempt to audit the Pension Benefit Guaranty Corporation's (PBGC) fiscal year (FY) 1990 financial statements. GAO noted that: (1) PBGC reported an operating loss of more than $780 million, increasing its accumulated deficit by more than 75 percent to $1.8 billion for FY 1990; (2) a significant increase in losses from future pension plan terminations, investment losses on assets...
Management Challenges Facing IRS
T-GGD-91-20: Published: Jun 25, 1991. Publicly Released: Jun 25, 1991.
GAO discussed management challenges facing the Internal Revenue Service (IRS), focusing on: (1) trends in the accounts receivable inventory; (2) strategic planning; (3) financial management; (4) compliance initiatives; and (5) tax system modernization efforts. GAO noted that: (1) while IRS made significant strides in developing information on its accounts receivable, the inventory continued to inc...
HUD Reforms: Limited Progress Made Since the HUD Scandals
T-RCED-91-62: Published: Jun 12, 1991. Publicly Released: Jun 12, 1991.
GAO discussed the Department of Housing and Urban Development's (HUD) progress in correcting the widespread fraud, waste, abuse, and mismanagement that was uncovered in 1989. GAO noted that: (1) it was too early to determine whether reforms would be effective in correcting targeted problems; (2) such HUD problems as inadequate information and financial management systems, weak internal controls, i...
Christopher Columbus Quincentenary Jubilee Commission
T-GGD-91-24: Published: Apr 23, 1991. Publicly Released: Apr 23, 1991.
GAO discussed the status of the Christopher Columbus Quincentenary Jubilee Commission and its ability to carry out a celebration commemorating Christopher Columbus' voyages of discovery. GAO noted that: (1) the Commission's fundraising efforts fell significantly short of its expectations, with the Commission only raising $888,700 from all non-federal sources, $2,411,300 less than anticipated, betw...
Financial Audit: Financial Reporting and Internal Controls at the Air Force Systems Command
AFMD-91-22: Published: Jan 23, 1991. Publicly Released: Jan 23, 1991.
GAO provided information on the Air Force Systems Command's (AFSC) financial management operation, focusing on AFSC need for improved internal controls and financial reporting.GAO found that: (1) AFSC trial balances for fiscal year (FY) 1988 and FY 1989 were substantially incomplete and inaccurate, resulting in unreliable financial reports and statements; (2) AFSC product divisions failed to promp...
Travel System Requirements
FFMSR-3: Published: Jan 1, 1991. Publicly Released: Jan 1, 1991.
GAO presented information on the functional requirements that federal agencies should follow so that they can improve their travel accounting systems...
Financial Management: Internal Control Weaknesses in FRA's Civil Penalty Program
RCED-91-47: Published: Dec 26, 1990. Publicly Released: Dec 26, 1990.
GAO reviewed financial management weaknesses in the Federal Railroad Administration's (FRA) civil penalty program.GAO found that: (1) inadequate recordkeeping made it difficult for the FRA Office of the Chief Counsel (OCC) to determine which railroads responded to notifications of safety violations and potential civil penalty assessments; (2) the FRA Office of Financial Services (OFS) did not esta...
Financial Audit: U.S. Government Printing Office's Financial Statements for Fiscal Year 1989
AFMD-91-1: Published: Nov 8, 1990. Publicly Released: Nov 8, 1990.
GAO reviewed the consolidated financial statements of the U.S. Government Printing Office (GPO) for the fiscal year ended September 30, 1989, and reports on GPO internal control structure and its compliance with laws and regulations.GAO found that: (1) GPO complied in all material respects with those provisions of laws and regulations that could have had a material effect on the financial statemen...
Financial Management Reform
T-AFMD-90-31: Published: Sep 17, 1990. Publicly Released: Sep 17, 1990.
GAO discussed proposed legislation intended to strengthen federal financial management. GAO noted that: (1) the proposed legislation would establish a centralized leadership position to direct the government's financial management activities; (2) establishing agency chief financial officers (CFO) is important to the reform process, since CFO would form the network needed to undertake governmentwid...
Inspectors General: Staff Resources of VA's Office of Inspector General
AFMD-90-6: Published: Apr 13, 1990. Publicly Released: May 4, 1990.
Pursuant to a legislative requirement, GAO reviewed the Department of Veterans Affairs' (VA) Office of Inspector General's (OIG): (1) use of its current staff; (2) planned use of 40 additional staff members; and (3) plans to request further staff increases.GAO found that: (1) OIG provided widespread coverage of VA operations through its various audits and investigations; (2) OIG planned to use the...