Federal agency accounting systems (41 - 50 of 135 items)
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)...
Exposure Draft: Revisions to Title 6 on Pay, Leave, and Allowances
155470: Oct 1, 1995
GAO published its proposed revisions to title 6 of the Policy and Procedures Manual for Guidance of Federal Agencies, focusing on: (1) the order of withholding precedence for deductions from federal employee pay; (2) time and attendance (T&A) systems internal controls; (3) maintaining complete and accurate T&A records; (4) authorizing and approving T&A transactions; and (5) electronic signatures,...
High Risk Series: Defense Contract Management
HR-95-3: Published: Feb 1, 1995. Publicly Released: Feb 1, 1995.
GAO reviewed the Department of Defense's (DOD) contract management, focusing on the significant risks it faces as a result of defective pricing and weak controls over unallowable overhead costs and contractor payments.GAO found that: (1) although defective pricing has been reduced by 86 percent to 125.5 million in fiscal year 1993, significant financial risks remain; (2) DOD contractors' performan...
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...
DOD Procurement: Overpayments and Underpayments at Selected Contractors Show Major Problem
NSIAD-94-245: Published: Aug 5, 1994. Publicly Released: Aug 11, 1994.
Pursuant to a congressional request, GAO reviewed whether: (1) Department of Defense (DOD) contractors are retaining contract overpayments; and (2) contract underpayments are being corrected.GAO found that: (1) contractor payment discrepancies include both overpayments and underpayments; (2) contractor overpayments and underpayments result in significant unnecessary costs to the government; (3) al...
Defense Business Operations Fund: Improved Pricing Practices and Financial Reports Are Needed to Set Accurate Prices
AIMD-94-132: Published: Jun 22, 1994. Publicly Released: Jun 22, 1994.
Pursuant to a legislative requirement, GAO provided information on the Department of Defense's process for developing the prices the Defense Business Operations Fund will charge its customers, focusing on: (1) the reasons the Fund's prices have increased; (2) the reasons the Fund continues to experience annual losses; and (3) whether the Fund's financial reports are sufficiently accurate to assist...
Bureau of the Census: Management Issues Require Prompt Attention
T-GGD/AIMD-94-171: Published: Jun 9, 1994. Publicly Released: Jun 9, 1994.
GAO discussed the Bureau of the Census': (1) efforts to recover unliquidated obligations; and (2) impending reorganization. GAO noted that: (1) the Bureau's unliquidated obligations increased to $80 million at the beginning of fiscal year 1993 due to weaknesses in its accounting systems and its failure to follow federal internal control procedures; (2) the Bureau's financial management deficiencie...
BIA Trust Fund Reconciliations
AIMD-94-110R: Published: Apr 25, 1994. Publicly Released: Apr 25, 1994.
Pursuant to a congressional request, GAO provided information on the status of the Bureau of Indian Affairs' (BIA) efforts to correct long-standing trust fund management weaknesses. GAO noted that: (1) although BIA has made progress toward improving its Indian trust fund reconciliation and certification process, long-standing management problems have impeded BIA ability to maintain proper control...
Title 6--NAD Electronic Signature
AIMD-94-102R: Published: Apr 25, 1994. Publicly Released: Apr 25, 1994.
The Department of the Navy requested that GAO review its prototype electronic signature module for depot time and attendance (T&A) systems. GAO noted that: (1) it no longer approves complete or partial accounting system designs; (2) federal agencies have standards for developing T&A systems with advanced technologies and criteria for using electronic signatures for certifications; (3) it sanctions...
Defense Business Operations Fund
NSIAD-94-151R: Published: Apr 22, 1994. Publicly Released: Apr 22, 1994.
Pursuant to a congressional request, GAO reviewed the impact of the Defense Business Operations Fund (DBOF) at selected military installations, focusing on: (1) the impact DBOF has had at the customer and provider level; and (2) problems managers are having with DBOF implementation. GAO noted that: (1) DBOF implementation has had minimal impact at the customer and provider level; (2) customers hav...