Financial statements (61 - 70 of 93 items)
Financial Audit: U.S. Government Printing Office's Financial Statements for Fiscal Year 1992
AFMD-93-62: Published: May 11, 1993. Publicly Released: May 11, 1993.
Pursuant to a congressional request, GAO examined the U. S. Government Printing Office's (GPO) financial statements for the year ended September 30, 1992, its internal controls, and compliance with selected laws and regulations and its budget authority.GAO found that GPO: (1) 1992 financial statements were reliable in all material respects; (2) internal controls were effective in protecting assets...
District of Columbia: The Federal Payment Formula
T-AFMD-93-3: Published: Mar 31, 1993. Publicly Released: Mar 31, 1993.
GAO discussed the formula for determining the authorized federal payment to the District of Columbia. GAO noted that: (1) Congress compensates the District of Columbia for unreimbursed services provided to the federal government and deficiencies in the District's tax base; (2) the District's authorization for 1993 was greater than the amount appropriated for the previous fiscal year; (3) the local...
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...
District of Columbia: Review of IPA's Breakdown of District of Columbia Revenue by Source
AFMD-92-50: Published: May 8, 1992. Publicly Released: May 8, 1992.
Pursuant to a legislative requirement, GAO reviewed an independent certified public accountant's audit of the District of Columbia's Schedule of Revenues and Nonoperating Revenues derived from the federal government and other sources for the year ended September 30, 1991.GAO found that: (1) the auditor reported that the Schedule of Revenues and Nonoperating Revenues for the year ended September 30...
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...
Federal Financial Management Reform
T-AFMD-88-18: Published: Sep 22, 1988. Publicly Released: Sep 22, 1988.
GAO discussed the federal government's need to reform its financial management system. GAO noted that the government's reliance on a second-rate financial management system which does not provide reliable, accurate, or consistent information and lacks fundamental internal controls: (1) hinders government decisions regarding the budget deficit, effective program management, and safeguarding of asse...
Financial Audit: Senate Building Beauty Shop Statements--6-Month Period Ended 12-31-86
AFMD-88-8: Published: Feb 8, 1988. Publicly Released: Feb 8, 1988.
GAO examined the balance sheet of the Senate Building Beauty Shop as of December 31, 1986, and the related statements of operations, changes in financial position, and changes in the capital account for the 6-month period then ended. GAO noted that the short audit period was the result of a change of ownership from a partnership to a sole proprietorship, effective July 1, 1986, and a change of fis...
Financial Audit: Senate Building Beauty Shop Statements--4-Month Period Ended 6-30-86
AFMD-88-7: Published: Feb 8, 1988. Publicly Released: Feb 8, 1988.
GAO examined the balance sheet of the Senate Building Beauty Shop as of June 30, 1986, and the related statements of operations, changes in financial position, and changes in partners' capital accounts for the 4-month period then ended. The short audit period was the result of a change in ownership from a partnership to a sole proprietorship, effective July 1, 1986.GAO found that, except for the e...
Financial Audit: United States Postal Service's Financial Statements for 1985
AFMD-86-72: Published: Sep 24, 1986. Publicly Released: Sep 24, 1986.
GAO reviewed an independent certified public accountant's audit of the United States Postal Service's (USPS) financial statements for fiscal year 1985.GAO found that: (1) the financial statements fairly presented the financial position of USPS in conformity with generally accepted accounting principles applied on a consistent basis; and (2) although the omission of reports on internal accounting c...
Examination of GSA's Fiscal Year 1985 Financial Statements
AFMD-86-55: Published: Jun 11, 1986. Publicly Released: Jun 11, 1986.
Pursuant to a congressional request, GAO examined the General Services Administration's (GSA) fiscal year (FY) 1985 financial statements, specifically its internal accounting controls system.GAO found that GSA failed to: (1) fully support its general ledger balances with detailed subsidiary records and quickly resolve any discrepancies; (2) ensure prompt billing of customers for automatic data pro...