Accounting procedures (71 - 80 of 128 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...
Banks and Thrifts: Safety and Soundness Reforms Need to Be Maintained
T-GGD-93-3: Published: Jan 27, 1993. Publicly Released: Jan 27, 1993.
GAO discussed the condition of the banking and thrift industries, focusing on: (1) the safety and soundness provisions of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA); (2) the condition of the banking and thrift industries' insurance funds; (3) the volume of bank lending; and (4) congressional oversight. GAO noted that: (1) FDICIA requires that banks operate in a safe...
Internal Control Reviews Conducted at Army's 5th Regional Finance and Accounting Office and V Corps Locations
AFMD-93-6ML: Published: Jan 5, 1993. Publicly Released: Jan 27, 1993.
GAO reviewed the Army's Regional Finance and Accounting Office's financial management systems and operations. GAO found that: (1) internal controls were ineffective and failed to reflect all year-end account balances; (2) the Army understated the value of nontactical equipment by nearly $39 million due to its failure to follow established reporting requirements; (3) computer system coding errors r...
Financial Management: Poor Internal Control Has Led to Increased Maintenance Costs and Deterioration of Equipment
AFMD-93-8: Published: Jan 25, 1993. Publicly Released: Jan 25, 1993.
GAO reviewed the internal controls and financial systems used to control equipment maintenance functions at four Army depots, focusing on whether their internal controls: (1) protected weapons systems and equipment awaiting maintenance from physical deterioration and theft; (2) accounted for depot-stored repairables; (3) supported Army-wide accountability for repairables; (4) ensured accurate repo...
Government Management--Report on 17 High-Risk Areas
T-OCG-93-2: Published: Jan 8, 1993. Publicly Released: Jan 8, 1993.
GAO discussed its high-risk series of reports, focusing on management problems and needed corrective action in the issue areas of: (1) lending and insuring; (2) contracting; and (3) accountability. GAO noted that: (1) six federal insurance, guarantee, and lending programs are highly vulnerable to fraud, waste, abuse, and mismanagement due to poor oversight, structural inefficiencies, reliance on o...
High Risk Series: Bank Insurance Fund
HR-93-3: Published: Dec 1, 1992. Publicly Released: Dec 1, 1992.
GAO reviewed the Bank Insurance Fund, focusing on the factors that contributed to the depletion of the Fund's reserves and the need for improved accounting rules and bank examinations.GAO noted that: (1) during the 1980s, U.S. banks made riskier loans to increase their customer base and fight competition from other domestic and foreign financial service vendors; (2) weak internal controls, flawed...
Internal Control Weaknesses in Army Data Processing Operations and Accounting and Financial Reporting
AFMD-93-16ML: Published: Nov 19, 1992. Publicly Released: Nov 19, 1992.
GAO reported on internal control weaknesses in the Army Corps of Engineers' data processing operations and accounting and financial reporting processes. GAO noted that the Corps: (1) overused a transaction entry procedure that was primarily intended for correcting, but not entering, accounting data; (2) did not document data entries or maintain control logs; (3) allowed personnel to both prepare a...
Johnson Space Center Procurement: Controls Over Payments to Contractors Should Be Strengthened
IMTEC-93-2: Published: Oct 23, 1992. Publicly Released: Oct 23, 1992.
GAO reviewed the National Aeronautics and Space Administration's (NASA) contract management practices, focusing on the Lyndon B. Johnson Space Center's (JSC) internal controls over the management of information processing contracts, grants, and purchase orders.GAO found that: (1) while existing controls were sufficient to monitor contractor performance, JSC management directives did not require en...
General Services Administration: Actions Needed to Improve Protection Against Fraud, Waste, and Mismanagement
GGD-92-98: Published: Sep 30, 1992. Publicly Released: Oct 15, 1992.
GAO reviewed the General Services Administration's (GSA): (1) efforts in control fraud, waste, and mismanagement; (2) implementation and oversight of internal controls; (3) resolution of audit findings and recommendations; (4) Federal Managers' Financial Integrity Act (FMFIA) implementation and reporting; (5) GSA functions and activities that pose the greatest risk of losses and inefficiencies.GAO...
Army Installation Real Property
AFMD-93-4ML: Published: Oct 7, 1992. Publicly Released: Oct 7, 1992.
GAO provided information on accounting for real property at certain Army installations. GAO found that: (1) the Army installations it visited kept incomplete and inaccurate records of their real property holdings because personnel did not enter or inaccurately entered data into their respective Integrated Facilities System (IFS); (2) the installations' general ledgers were inaccurate and unreliabl...