Federal agency accounting systems (51 - 60 of 135 items)
DOD Procurement: Millions in Overpayments Returned by DOD Contractors
NSIAD-94-106: Published: Mar 14, 1994. Publicly Released: Apr 12, 1994.
Pursuant to a congressional request, GAO reviewed the Department of Defense's (DOD) overpayments to contractors and subsequent contractor refunds, focusing on: (1) the nature of the contractors' payments; (2) how long the funds were outstanding; (3) DOD efforts to detect and recover contract overpayments; and (4) DOD actions to strengthen its contract payment system.GAO found that: (1) the Defense...
Financial Audit: Federal Deposit Insurance Corporation's Internal Controls as of December 31, 1992
AIMD-94-35: Published: Feb 4, 1994. Publicly Released: Feb 4, 1994.
Pursuant to a legislative requirement, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) system of internal accounting controls as of December 31, 1992, as part of its 1992 financial statement audits of the Bank Insurance Fund (BIF), the Savings Association Insurance Fund (SAIF), and the Federal Savings and Loan Insurance Corporation (FSLIC) Resolution Fund (FRF), to determine whethe...
Financial Management: Army Real Property Accounting and Reporting Weaknesses Impede Management Decision-making
AIMD-94-9: Published: Nov 2, 1993. Publicly Released: Nov 2, 1993.
GAO reviewed the Army's reporting and accounting of real property and construction in progress, focusing on the: (1) effects of inaccuracies in the Army's accounting system on managerial decisionmaking; and (2) Army's progress in correcting accounting system and construction-in-progress data inaccuracies.GAO found that: (1) the Army's system for recording real property at its installations could n...
Financial Management: Customs' Self-Assessment of Its Internal Control and Accounting Systems Is Inadequate
AIMD-94-8: Published: Oct 27, 1993. Publicly Released: Oct 27, 1993.
Pursuant to a legislative requirement, GAO reviewed the U.S. Customs Services' efforts to identify, report, and correct its internal control and accounting system weaknesses.GAO found that: (1) Customs' fiscal year (FY) 1992 assurance letter overstated the effectiveness of its internal control and accounting systems; (2) Customs did not disclose the full extent of its material weaknesses in its FY...
Financial Management: IRS' Self-Assessment of Its Internal Control and Accounting Systems Is Inadequate
AIMD-94-2: Published: Oct 13, 1993. Publicly Released: Oct 13, 1993.
Pursuant to a legislative requirement, GAO reviewed the Internal Revenue Service's (IRS) efforts to identify, report, and correct material weaknesses in its internal control and accounting systems, focusing on: (1) the IRS process for evaluating its internal control and accounting systems; and (2) IRS plans for correcting reported material weaknesses.GAO found that: (1) the IRS fiscal year 1992 as...
Defense Business Operations Fund
AIMD-94-7R: Published: Oct 12, 1993. Publicly Released: Oct 12, 1993.
GAO provided information on the Department of Defense's (DOD) departmentwide review of the implementation and operation of the Defense Business Operations Fund. GAO found that: (1) in 1993, DOD established a review team to review the Fund's organization, education and training, budget, accounting policy, centralized system development, financial management systems, cash management, and financial r...
Financial Audit: Resolution Trust Corporation's Internal Controls at December 31, 1992
AIMD-93-50: Published: Sep 28, 1993. Publicly Released: Sep 28, 1993.
GAO evaluated the Resolution Trust Corporation's (RTC) internal controls as of December 31, 1992, to determine whether the controls reasonably ensured that: (1) assets were safeguarded against loss from unauthorized use or disposition; (2) transactions complied with management's authority and laws and regulations; and (3) transactions were properly recorded, processed, and summarized in accordance...
Title 6--T&A Procedures
AIMD-93-49R: Published: Jul 28, 1993. Publicly Released: Jul 28, 1993.
Pursuant to a Department of Defense (DOD) request, GAO reviewed a DOD field office's time and attendance (T&A) practices, focusing on whether the practices complied with GAO requirements. GAO found that: (1) the field office's T&A system uses exception reporting for variations in an employee's preapproved work schedule; (2) GAO requirements allow the field office to use exception reporting of empl...
Foreign Assistance: AID Strategic Direction and Continued Management Improvements Needed
NSIAD-93-106: Published: Jun 11, 1993. Publicly Released: Jun 11, 1993.
GAO discussed management problems at the Agency for International Development (AID) and whether it is adequately meeting its foreign economic assistance responsibilities.GAO found that: (1) the AID management approach and organizational capacity have not kept up with the increasingly diffuse scope of the foreign assistance program and the expanding number of countries in which AID operates; (2) AI...
Financial Audit: Government Printing Office's Fiscal Year 1992 Financial Statements
T-AFMD-93-5: Published: May 11, 1993. Publicly Released: May 11, 1993.
GAO discussed its audit of the Government Printing Office's (GPO) fiscal year (FY) 1992 financial statements. GAO noted that: (1) GPO 1992 financial statements were reliable in all material respects; (2) GPO internal controls were effective in protecting assets, ensuring material compliance with laws and regulations, and ensuring that there were no material misstatements in the financial statement...