Withdrawal of Approval of the Federal Election Commission Accounting System
AFMD-84-30: Published: Jan 9, 1984. Publicly Released: Jan 9, 1984.
- Full Report:
As requested by the Federal Election Commission, GAO completed a review of its accounting system in operation.
GAO found substantial deviations from the system design which it approved in 1981. These deviations led it to conclude that the system was not operating in accordance with the approved design and did not comply with GAO standards. Therefore, GAO withdrew its approval of the system until the deviations are corrected. GAO found: (1) a lack of basic documentation for portions of the system that have been automated since approval; (2) nonoperation of a transaction register which results in the misstatement of certain account balances and inaccurate accounting reports unless manual adjustments are made; (3) a lack of certain subsidiary files needed to provide control; (4) nonuse of several necessary general ledger accounts; (5) lack of accountability for property owned by, or loaned to, the Commission; and (6) inadequate accounting staff. Several of the deviations and related problems are being corrected. When the deviations are corrected, GAO will consider reapproval of the system.