Accounting procedures (51 - 60 of 128 items)
Kennedy Center: Audit Duplication Can Be Prevented
GGD-97-161: Published: Aug 19, 1997. Publicly Released: Aug 19, 1997.
Pursuant to a legislative requirement, GAO examined the potential for duplication of effort arising from multiple audit requirements involving the John F. Kennedy Center for the Performing Arts' appropriated funds, focusing on whether: (1) the Center's contracted auditor planned and carried out an audit that complied with the standards set forth in the Government Auditing Standards; and (2) GAO sh...
Opportunities to Improve the Congressional Award Foundation's Internal Controls
AIMD-97-126R: Published: Jul 30, 1997. Publicly Released: Jul 30, 1997.
Pursuant to a legislative requirement, GAO provided information on matters identified during GAO's fiscal year 1996 audit concerning the Congressional Award Foundation's policies and procedures relating to: (1) cost assignments and allocations; (2) monitoring the restrictive status of contributions; (3) receivables management; (4) documentation for financial reporting adjustments; (5) bank reconci...
Reliable Financial Information: A Key to Effective Program Management and Accountability
158699: Jan 1, 1997
GAO presented information on the need for reliable financial information systems for formulating budgets, managing government program operations, and making difficult policy and program decisions...
Employee Travel Claims (DOI)
AIMD-97-25R: Published: Dec 13, 1996. Publicly Released: Dec 13, 1996.
GAO provided information on whether it is permissible to: (1) verify the validity of travel claims for temporary duty (TDY) travel vouchers not exceeding $2,500 after, rather than prior to, payment certification; and (2) perform such postpayment validation procedures on a statistical sampling basis. GAO noted that: (1) for travel vouchers processed under the automated portion of the Department of...
North Atlantic Assembly's Internal Controls
NSIAD-96-164R: Published: May 9, 1996. Publicly Released: Jun 10, 1996.
Pursuant to congressional and other requests, GAO and the International Board of Auditors (IBAN) for the North Atlantic Treaty Organization (NATO) reviewed the internal financial and management controls of the North Atlantic Assembly's (NAA) International Secretariat. GAO and IBAN noted that: (1) from about 1988 to mid-1995, the Secretariat's financial records were under the control of the Assembl...
Contingency Operations: DOD's Reported Costs Contain Significant Inaccuracies
NSIAD-96-115: Published: May 17, 1996. Publicly Released: May 17, 1996.
Pursuant to a congressional request, GAO reviewed the reliability of the Department of Defense's (DOD) reported costs for contingency operations, focusing on the: (1) accuracy of reported incremental costs; and (2) adequacy of DOD guidance and accounting systems to ensure accurate cost reporting.GAO found that: (1) DOD overstated about $104 million in incremental costs and understated or failed to...
Financial Audit: U.S. Government Printing Office's Financial Statements for Fiscal Year 1995
AIMD-96-52: Published: Apr 16, 1996. Publicly Released: Apr 16, 1996.
Pursuant to a legislative requirement, GAO reviewed the Government Printing Office's (GPO) financial statements for the year ended September 30, 1995, its internal controls, its compliance with selected laws and regulations, and its budget authority.GAO found that: (1) GPO 1995 financial statements were reliable in all material respects; (2) internal controls effectively safeguarded assets against...
Federal Reserve Banks: Internal Control, Accounting, and Auditing Issues
AIMD-96-5: Published: Feb 9, 1996. Publicly Released: Mar 11, 1996.
Pursuant to a congressional request, GAO reviewed several internal control issues at the Federal Reserve Bank (FRB) of Dallas and the Federal Reserve Automation Services' (FRAS) accounting procedures, focusing on: (1) Dallas FRB financial accounting and reporting and electronic data processing (EDP) control weaknesses; (2) the efficiency and consistency of Federal Reserve note accounting; and (3)...
Travel Payments (NFC)
AIMD-96-11R: Published: Nov 7, 1995. Publicly Released: Nov 7, 1995.
Pursuant to a National Finance Center (NFC) request, GAO interpreted certain GAO accounting requirements for proposed changes to its travel claim processing and certification procedures for the Department of State and other clients. GAO noted that: (1) the payment of travel vouchers without supporting documentation and manual prepayment reviews may be permitted if certain controls such as those ou...
Government Corporations: CFO Act Management Reporting Could Be Enhanced
AIMD-94-73: Published: Sep 19, 1994. Publicly Released: Sep 19, 1994.
GAO reviewed government corporations' compliance with the Chief Financial Officers Act's (CFO) management reporting requirements, focusing on whether the corporations: (1) submitted 1992 financial statements that reasonably reflected their financial condition; (2) adequately assessed their internal controls; and (3) had sufficient guidance to effectively implement the act's reporting requirements...