Federal agency accounting systems (71 - 80 of 99 items)
John P. Abbadessa, 1947-1962
OP-18-OH: Published: Nov 1, 1990. Publicly Released: Nov 1, 1990.
GAO presented a transcript of an interview of John P. Abbadessa, who served GAO from 1947 through 1962 and attained the position of Deputy Director for the Civil Accounting and Auditing Division, as part of its program to record key government officials' observations and impressions and ensure the systematic recording of the bases for policy decisions and other important events for posterity...
RTC Asset Management: Contracting Controls Need to Be Strengthened
T-GGD-90-53: Published: Sep 24, 1990. Publicly Released: Sep 24, 1990.
GAO discussed the Resolution Trust Corporation's (RTC) contracting practices. GAO noted that: (1) in January 1990, GAO cited RTC as 1 of 14 federal programs that were highly vulnerable to fraud, waste, and abuse; and (2) as of June 30, 1990, RTC resolved 207 thrifts and controlled $168 billion in assets, including 40,000 properties with a book value of about $16 billion. GAO also noted that RTC re...
Guaranteed Loan Programs Are an Increasing Risk
T-AFMD-90-29: Published: Sep 18, 1990. Publicly Released: Sep 18, 1990.
GAO discussed the government's potential financial burden due to billions of dollars invested in faltering and uncollectible guaranteed loans. GAO noted that: (1) at the end of fiscal year (FY) 1989, the government's guaranteed loans totalled almost $588 billion, with $332 billion in guaranteed housing loans; (2) outstanding loan guarantees were expected to total about $838 billion by the end of F...
Navy Supply: Naval Air Stations Have Inventory Accuracy Problems
NSIAD-90-45: Published: Dec 7, 1989. Publicly Released: Dec 7, 1989.
GAO reviewed the Navy's inventory management procedures and practices at naval air stations, focusing on the Norfolk, North Island, and Oceana Naval Air Stations.GAO found that: (1) 38 percent of the Norfolk station's inventory records and 21 percent of the Oceana station's records included errors; (2) the Navy's system for inventory error evaluation and correction was inadequate, because it had o...
DOD Inventory Management: Revised Policies Needed
NSIAD-88-75: Published: Jan 14, 1988. Publicly Released: Jan 14, 1988.
GAO provided information on the Department of Defense's (DOD) inventory management system.GAO found that DOD: (1) had inventory management problems throughout its supply systems; (2) lacked the necessary data to assess the problems facing it; (3) failed to identify and address the causes of its inventory inaccuracies; and (4) did not always correct the errors it found...
Interagency Agreements: Customs-Coast Guard Agreement for U.S.-Bahamas Drug Task Force Was Proper
AFMD-87-69: Published: Aug 31, 1987. Publicly Released: Sep 16, 1987.
In response to a congressional request, GAO reviewed an interagency agreement between the Coast Guard and the Customs Service that called for the Coast Guard to procure and operate helicopters for the U.S.-Bahamas Drug Interdiction Task Force, to determine: (1) the legal basis for the agreement; (2) any legal requirement concerning the use of funds; and (3) whether either agency violated any feder...
Civil Service Fund: Improved Controls Needed Over Investments
AFMD-87-17: Published: May 7, 1987. Publicly Released: Jun 10, 1987.
Pursuant to a congressional request, GAO reviewed the Department of the Treasury's management of the Civil Service Retirement and Disability Trust Fund during debt ceiling crises in 1984 and 1985 to determine how much interest Treasury lost by not following its normal securities investment and redemption policies.GAO found that: (1) during two periods when the federal debt was near its legal limit...
Inspectors General: Compliance With Professional Standards by the Agriculture Inspector General
AFMD-86-41: Published: Sep 30, 1986. Publicly Released: Sep 30, 1986.
GAO reviewed the Department of Agriculture's (USDA) Office of Inspector General's (OIG) compliance with professional standards in conducting audits and investigations.GAO found that, of the 23 audit and investigation standards it reviewed, OIG satisfactorily complied with 18. Although OIG complied with certain aspects of the other 5 standards, GAO found that: (1) some OIG supervisors did not docum...
Vehicle Fuel: Two Border Patrol Sectors Inadequately Control Fuel
GGD-86-36: Published: Dec 20, 1985. Publicly Released: Dec 20, 1985.
GAO reviewed: (1) the Immigration and Naturalization Service's (INS) implementation of the Federal Managers' Financial Integrity Act of 1982; and (2) control weaknesses found in gasoline usage for government-owned vehicles supporting border patrol functions.GAO found that, although two of the border patrol facilities have their own gasoline pumps, neither facility was following the procedures esta...
Strengthening Internal Controls Would Help the Department of Justice Reduce Duplicate Payments
AFMD-85-72: Published: Aug 20, 1985. Publicly Released: Aug 20, 1985.
Pursuant to a congressional request, GAO reviewed duplicate payments made by federal agencies at selected federal payment centers, including one within the Department of Justice's Justice Management Division.GAO identified, through independent testing of prior payments, weaknesses in the automated and manual controls used to prevent duplicate payments. GAO found that: (1) the automated internal co...