Internal controls (71 - 80 of 332 items)
Internal Control: Improvements Needed in SEC's Accounting and Financial Reporting Procedures
GAO-06-459R: Published: Apr 21, 2006. Publicly Released: Apr 21, 2006.
On November 15, 2005, we issued our report on the U.S. Securities and Exchange Commission's (SEC) fiscal years 2005 and 2004 financial statements and on SEC's internal control as of September 30, 2005. We also reported on the results of our tests of SEC's compliance with selected provisions of laws and regulations during fiscal year 2005. The purpose of this report is to discuss issues identified...
State's Centrally Billed Foreign Affairs Travel: Internal Control Breakdowns and Ineffective Oversight Lost Taxpayers Tens of Millions of Dollars
GAO-06-298: Published: Mar 10, 2006. Publicly Released: Apr 10, 2006.
The relative size of the Department of State's (State) travel program and continuing concerns about fraud, waste, and abuse in government travel card programs led to this request to audit State's centrally billed travel accounts. GAO was asked to evaluate the effectiveness of internal controls over (1) the authorization and justification of premium-class tickets charged to the centrally billed acc...
District of Columbia: Financial and Program Management Improvements Needed for Tuition Assistance Grant Program
GAO-06-14: Published: Oct 28, 2005. Publicly Released: Oct 28, 2005.
Congress created the District of Columbia Tuition Assistance Grant (DCTAG) program in 1999 to provide D.C. college-bound residents with greater choices among institutions of higher education by affording them the benefits of in-state tuition at state colleges and universities outside the District of Columbia. Congress appropriated $17 million annually for fiscal years 2000 through 2004 and $25.6 m...
National Aeronautics and Space Administration: Long-standing Financial Management Challenges Threaten the Agency's Ability to Manage Its Programs
GAO-06-216T: Published: Oct 27, 2005. Publicly Released: Oct 27, 2005.
Congress asked GAO to testify on the status of the National Aeronautics and Space Administration's (NASA) financial management reform efforts. NASA faces major financial management challenges that, if not addressed, will weaken its ability to manage its highly complex programs. NASA has been on GAO's high-risk list since 1990 because of its failure to effectively oversee its contracts, due in part...
U.S. Securities and Exchange Commission: Building Project Management and Related Budget Planning
GAO-06-61R: Published: Oct 20, 2005. Publicly Released: Oct 20, 2005.
Congress asked us to provide a briefing on the facilities management and budgeting issues of the U.S. Securities and Exchange Commission (SEC) that SEC disclosed to Congress in May 2005, which resulted in SEC's requesting a reprogramming of approximately $48 million of 2005 and 2006 funds. The reprogramming was requested to cover unbudgeted costs related to the construction of new facilities in Wa...
NASA Travel: Passenger Aircraft Services Annually Cost Taxpayers Millions More Than Commercial Airlines
GAO-05-818: Published: Aug 26, 2005. Publicly Released: Sep 30, 2005.
Since its creation, the National Aeronautics and Space Administration (NASA) has operated passenger aircraft services. These operations have been questioned in several prior audit reports. GAO was asked to perform a series of audits of NASA's controls to prevent fraud, waste, and abuse of taxpayer dollars. In this audit, GAO assessed (1) the relative cost of NASA passenger aircraft services in com...
Capitol Visitor Center: Schedule Delays Continue; Reassessment Underway
GAO-05-1037T: Published: Sep 15, 2005. Publicly Released: Sep 15, 2005.
This testimony discusses progress on the Capitol Visitor Center (CVC) project. Our remarks will focus on (1) the Architect of the Capitol's (AOC) progress in managing the project's schedule since the Subcommittee on the Legislative Branch, Senate Committee on Appropriations' July 14 hearing on the project; (2) our estimate of a general time frame for completing the base project's construction and...
Management Report: Opportunities for Improvements in SEC's Internal Controls and Accounting Procedures
GAO-05-693R: Published: Aug 12, 2005. Publicly Released: Aug 12, 2005.
In May 2005, we issued our report expressing an opinion on the Securities and Exchange Commission's (SEC) fiscal year 2004 financial statements and an opinion on SEC's internal control as of September 30, 2004. We also reported on the results of our tests of SEC's compliance with selected provisions of laws and regulations during fiscal year 2004. Our report on SEC's fiscal year 2004 financial sta...
Financial Audit: The General Services Administration's Fiscal Year 2004 Management Representation Letter on Its Financial Statements
GAO-05-604R: Published: Jul 14, 2005. Publicly Released: Jul 14, 2005.
The Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget (OMB), is required to annually prepare and submit audited financial statements of the U.S. government to the President and the Congress. We are required to audit these consolidated financial statements (CFS) and report on the results of our work. In connection with fulfilling our requirement to...
21st Century Challenges: Transforming Government to Meet Current and Emerging Challenges
GAO-05-830T: Published: Jul 13, 2005. Publicly Released: Jul 13, 2005.
The daunting challenges that face the nation in the 21st century establish the need for the transformation of government and demand fundamental changes in how federal agencies should meet these challenges by becoming flatter, more results-oriented, externally focused, partnership-oriented, and employee-enabling organizations. This testimony addresses how the long-term fiscal imbalance facing the U...