Reporting requirements (51 - 60 of 119 items)
Postal Pension Funding Reform: Issues Related to the Postal Service's Proposed Use of Pension Savings
GAO-04-238: Published: Nov 26, 2003. Publicly Released: Nov 26, 2003.
In April 2003, Congress enacted the Postal Civil Service Retirement System (CSRS) Funding Reform Act of 2003 (P.L. 108-18), which\ lowered the Postal Service's (Service) annual payment for its CSRS obligation by over $2.5 billion beginning in fiscal year 2003. P.L. 108-18 includes requiring (1) the Service to begin making payments into an escrow account in fiscal year 2006, (2) the Service to issu...
Department of Agriculture: Status of Efforts to Address Major Financial Management Challenges
GAO-03-871T: Published: Jun 10, 2003. Publicly Released: Jun 10, 2003.
In January, we issued our Performance and Accountability Series on management challenges and program risks at major agencies, including the U.S. Department of Agriculture (USDA). The report for USDA focused on a number of major management challenges, including enhancing financial management, and continued the high risk designation for Forest Service financial management. For many years, USDA strug...
U.S. Postal Service: Key Postal Transformation Issues
GAO-03-812T: Published: May 29, 2003. Publicly Released: May 29, 2003.
The President established this Commission to examine the state of the U.S. Postal Service (the Service) and submit a report by July 31, 2003, with a proposed future vision for the Service and recommendations to ensure the viability of postal services. GAO has provided congressional committees with many reports and testimonies on postal matters, and this testimony is based largely on these prior re...
Management Report: Improvements Needed in IRS's Internal Controls
GAO-03-562R: Published: May 20, 2003. Publicly Released: May 21, 2003.
In November 2002, we issued our report on the results of our audit of the Internal Revenue Service's (IRS) financial statements as of and for the fiscal years ending September 30, 2002 and 2001, and on the effectiveness of its internal controls as of September 30, 2002. We also reported our conclusions on IRS's compliance with significant provisions of selected laws and regulations and on whether...
District of Columbia: Performance Report Shows Continued Progress
GAO-03-693: Published: May 15, 2003. Publicly Released: May 15, 2003.
The Federal Payment Reauthorization Act of 1994 (Pub. L. 103-373) requires the District of Columbia to submit to the Congress a performance accountability plan with goals for the upcoming year, and after the end of the fiscal year, a performance accountability report on the extent to which the District achieved the goals in the plan. The 1994 act further requires that GAO review and evaluate the D...
U.S. Postal Service Actions to Improve Its Financial Reporting
GAO-03-26R: Published: Nov 13, 2002. Publicly Released: Nov 13, 2002.
Over the past 2 years, we have been raising concerns and have made recommendations regarding the lack of sufficient and timely periodic information on the U.S. Postal Service's financial condition and outlook available to the public between publications of its audited year-end financial statements. This report responds to a request that we provide periodic updates on several key areas related to t...
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...
Management Report: Improvements Needed in IRS's Accounting Procedures and Internal Controls
GAO-02-746R: Published: Jul 18, 2002. Publicly Released: Jul 18, 2002.
During fiscal year 2001, the Internal Revenue Service (IRS) had a number of internal control issues that affected financial reporting, including safeguarding of assets. These concern policies and procedures over (1) receipt of taxpayer payments, (2) courier services that transport taxpayer data, (3) employee fingerprint records, (4) issuance of manual refunds, (5) release of tax liens, (6) recordi...
Air Force Depot Maintenance: Management Improvements Needed for Backlog of Funded Contract Maintenance Work
GAO-02-623: Published: Jun 20, 2002. Publicly Released: Jun 20, 2002.
The Floyd D. Spence National Defense Authorization Act for Fiscal Year 2001 requires GAO to review various aspects of the Department of Defense (DOD) policy that allows Defense Working Capital Fund activities to carry over a 3-month level of work from one fiscal year to the next. The DOD 3-month carryover standard applies to all DOD activity groups except for the contract portion of the Air Force...
U.S. Government Financial Statements: FY 2001 Results Highlight the Continuing Need to Accelerate Federal Financial Management Reform
GAO-02-599T: Published: Apr 9, 2002. Publicly Released: Apr 9, 2002.
As in the past four years, GAO was unable to express an opinion on the federal government's consolidated financial statements for fiscal years 2000 and 2001 because of material weaknesses in internal control and accounting and reporting issues. These conditions prevented GAO from providing Congress and American citizens with an opinion as to whether the consolidated financial statements are fairly...