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Examination of GSA's Fiscal Year 1985 Financial Statements

AFMD-86-55 Published: Jun 11, 1986. Publicly Released: Jun 11, 1986.
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Highlights

Pursuant to a congressional request, GAO examined the General Services Administration's (GSA) fiscal year (FY) 1985 financial statements, specifically its internal accounting controls system.

Recommendations

Recommendations for Executive Action

Agency Affected Recommendation Status
General Services Administration The Administrator of General Services should reemphasize the need for GSA employees to comply with established internal control requirements. Specifically, the Administrator should direct the heads of each GSA major service and office to: (1) review, within their respective areas of responsibility, the status of compliance with applicable internal accounting controls; (2) report to the Administrator, in writing, on all areas where compliance is not being achieved; and (3) provide the Administrator with a detailed plan for corrective actions, including anticipated accomplishment dates.
Closed – Implemented
GSA progress is being reviewed as part of a GAO audit of GSA FY 1986 financial statements. The review recommended is being conducted annually in response to the Financial Integrity Act (FIA). The report is issued under the signature of the Administrator of General Services.
General Services Administration To help ensure this effort achieves the results intended, the Administrator of General Services should request the GSA Inspector General to monitor and report on the adequacy of the reviews by the offices and services and the effectiveness of the corrective actions undertaken.
Closed – Implemented
GSA progress is being reviewed as part of a GAO audit of GSA FY 1987 financial statements. In addition, the GSA Inspector General staff is monitoring the FIA review process in 1987.

Full Report

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Topics

Accounting systemsAuditing standardsFederal agenciesFinancial analysisFinancial management systemsFinancial statement auditsFiscal yearInternal controlsSystems evaluationConsolidated Financial Statements of the U.S. Government