Financial management systems (11 - 20 of 109 items)
President's Management Agenda: Review of OMB's Improved Financial Performance Scorecard Process
GAO-07-95: Published: Nov 16, 2006. Publicly Released: Nov 16, 2006.
The President's Management Agenda (PMA) focuses attention on ensuring resources entrusted to the federal government are well managed and used wisely. The Office of Management and Budget (OMB) developed standards to measure success and a PMA scorecard that gives a "green", "yellow" or "red score" by agency. Green indicates success, yellow indicates mixed results, and red indicates unsatisfactory re...
National Aeronautics and Space Administration: Long-standing Financial Management Challenges Threaten the Agency's Ability to Manage Its Programs
GAO-06-216T: Published: Oct 27, 2005. Publicly Released: Oct 27, 2005.
Congress asked GAO to testify on the status of the National Aeronautics and Space Administration's (NASA) financial management reform efforts. NASA faces major financial management challenges that, if not addressed, will weaken its ability to manage its highly complex programs. NASA has been on GAO's high-risk list since 1990 because of its failure to effectively oversee its contracts, due in part...
Financial Management: Department of Homeland Security Faces Significant Financial Management Challenges
GAO-04-774: Published: Jul 19, 2004. Publicly Released: Jul 29, 2004.
When the Department of Homeland Security (DHS) began operations in March 2003, it faced the daunting task of bringing together 22 diverse agencies. This transformation poses significant management and leadership challenges, including integrating a myriad of redundant financial management systems and addressing the existing weaknesses in the inherited components, as well as newly identified weaknes...
Department of Homeland Security: Financial Management Challenges
GAO-04-945T: Published: Jul 8, 2004. Publicly Released: Jul 8, 2004.
The Homeland Security Act of 2002 brought together 22 agencies to create a new cabinet-level department focusing on reducing U.S. vulnerability to terrorist attacks, and minimizing damages and assisting in recovery from attacks that do occur. GAO has previously reported on the Department of Homeland Security's (DHS) financial management challenges and key elements necessary for reform. DHS continu...
Capacity Building: Section 4 Program Has Expanded and Evolved
GAO-03-975: Published: Sep 15, 2003. Publicly Released: Oct 15, 2003.
Congress recognized the importance of building the capacity of community development organizations by passing Section 4 of the HUD Demonstration Act of 1993. The act authorized the Department of Housing and Urban Development (HUD) to partner with several national nonprofit organizations that provide funding to these community groups for such things as training, staff salaries, office equipment and...
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...
Major Management Challenges and Program Risks: Office of Personnel Management
GAO-03-115: Published: Jan 1, 2003. Publicly Released: Jan 1, 2003.
This is GAO's first performance and accountability series report on the Office of Personnel Management (OPM), the federal government's human capital agency. OPM faces challenges in four key areas: leadership, oversight, internal management, and administration of the federal retirement and health insurance programs. The data presented in this report are intended to help sustain congressional attent...
Bureau of Public Debt: Areas for Improvement in Computer Controls
GAO-02-1082R: Published: Sep 18, 2002. Publicly Released: Sep 18, 2002.
The Department of the Treasury is authorized by Congress to borrow money on the credit of the United States to fund operations of the federal government. Within Treasury, the Bureau of the Public Debt (BPD) is responsible for prescribing the debt instruments, limiting and restricting the amount and composition of the debt, paying interest to investors, and accounting for the resulting debt. BPD is...
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...
Financial Management: Poor Internal Controls Expose Department of Education to Improper Payments
GAO-01-1151: Published: Sep 28, 2001. Publicly Released: Oct 29, 2001.
Internal control weaknesses in the Department of Education's payment processes make the department vulnerable to improper payments. GAO focused on three types of disbursements made from May 1998 through September 2000--grants and loans totaling $181.4 billion, third party drafts totaling $55 million, and government purchase card transactions totaling $22 million. In the grant and loan area, edit c...