Financial management (91 - 100 of 567 items)
Education Financial Management: Weak Internal Controls Led to Instances of Fraud and Other Improper Payments
GAO-02-513T: Published: Apr 10, 2002. Publicly Released: Apr 10, 2002.
The Department of Education has a history of financial management problems, including serious internal control weaknesses, that have affected the Department's ability to provide reliable financial information on its operations. GAO found that significant internal control weaknesses in payment processes and poor physical control over its computer assets led to fraud, improper payments, and lost ass...
Executive Guide: Best Practices in Achieving Consistent, Accurate Physical Counts of Inventory and Related Property
GAO-02-447G: Published: Mar 1, 2002. Publicly Released: Mar 1, 2002.
This Executive Guide describes fundamental practices and procedures used in the private sector to achieve consistent and accurate physical counts of inventory and related property. The Guide summarizes the fundamental principles that have been successfully implemented by companies recognized for their outstanding record of inventory management. It also explains and describes leading practices from...
Private Pensions: Key Issues to Consider Following the Enron Collapse
GAO-02-480T: Published: Feb 27, 2002. Publicly Released: Feb 27, 2002.
The collapse of the Enron Corporation and the resulting loss of employee retirement savings highlighted several key vulnerabilities in the nation's private pension system. Asset diversification was a crucial lesson, especially for defined contribution plans, in which employees bear the investment risk. The Enron case underscores the importance of encouraging employees to diversify. Workers need cl...
Capitol Preservation Commission Attestation Engagement
GAO-02-267R: Published: Dec 12, 2001. Publicly Released: Dec 12, 2001.
The United States Capitol Preservation Commission receives commemorative coin surcharge funds authorized by the United States Capitol Visitor Center Commemorative Coin Act of 1999. Under the Omnibus Consolidated Appropriations Act of 1997 and the U.S. Mint's Compliance Procedures for Surcharge Eligibility, the commission must meet certain requirements before receiving available coin surcharge fund...
JFMIP: Acquisition/Financial Systems Interface Requirements (Exposure Draft)
JFMIP-SR-01-03: Published: Nov 30, 2001. Publicly Released: Nov 30, 2001.
GAO published a functional requirements document intended to assist agencies when developing new systems and when improving or evaluating existing systems. It provides the baseline functionality that agency systems must have in order to support agency missions and comply with laws and regulations. Specifically, the document focuses on (1) micropurchases made with purchase cards, (2) information re...
JFMIP: Benefit System Requirements
JFMIP-SR-01-01: Published: Sep 1, 2001. Publicly Released: Sep 1, 2001.
GAO published a functional requirements document that provided high level functional requirement for benefits systems that will provide the capability for financial managers, program managers and others to control and account for federal benefit programs as defined in governmentwide and agency specific statutes, regulations, guidelines, and need assessments...
Criminal Debt: Oversight and Actions Needed to Address Deficiencies in Collection Processes
GAO-01-664: Published: Jul 16, 2001. Publicly Released: Aug 16, 2001.
The collection of outstanding criminal debt has been a long-standing problem for the federal government. Since October 1985, as reported in the U.S. Attorney's statistical reports, the balance of outstanding criminal debt has grown from $260 million to more than $13 billion. Currently, the receipting of collections and recordkeeping for criminal debt is primarily the responsibility of the U.S. Cou...
Canceled DOD Appropriations: $615 Million of Illegal or Otherwise Improper Adjustments
GAO-01-697: Published: Jul 26, 2001. Publicly Released: Jul 26, 2001.
This report reviews the Department of Defense's (DOD) handling of appropriated funds from expired appropriation accounts. In 1990, Congress changed the law governing the use of appropriation accounts because it concluded that controls over them were not working. Without adequate controls, Congress was concerned that agencies could disburse money in amounts and for purposes that it had not approved...
Securities and Exchange Commission: Reviews of Accounting Matters Related to Public Filings
GAO-01-718: Published: Jun 14, 2001. Publicly Released: Jun 14, 2001.
This report reviews the Securities and Exchange Commission's (SEC) resolution of accounting issues submitted by companies that have or are contemplating publicly traded securities. Companies are required by law to register their securities with SEC by filing a registration statement. This statement must contain financial and other information on the securities and the issuer. SEC's Office of the C...
District of Columbia: Oversight in the Post-Control Board Period
GAO-01-845T: Published: Jun 8, 2001. Publicly Released: Jun 8, 2001.
Although the District of Columbia, the Financial Responsibility and Management Assistance Authority, and Congress have achieved an enormous accomplishment in restoring the District to financial viability, many of the challenges the District faced in the past continue. The District and Congress need current, reliable information about the District's financial condition and developing trends in orde...