Internal Controls: System Problems Affecting GSA's Financial Reporting
AFMD-88-2
Published: Feb 04, 1988. Publicly Released: Feb 04, 1988.
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Highlights
GAO evaluated the General Services Administration's (GSA) system of internal accounting controls to identify ways for improving them and other GSA financial management practices.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| General Services Administration | The Administrator of General Services should direct the Comptroller to address internal accounting control problems and procedures by developing a plan that includes a timetable for resolving them. |
Closed – Implemented
The Comptroller of General Services developed an action plan that addressed the internal accounting control problems and included a timetable for resolving them.
|
| General Services Administration | To assist the Administrator of General Services in ensuring that actions to accomplish these improvements are progressing on schedule, and assist him in carrying out his responsibilities under the Financial Integrity Act (FIA), managers should include in reports under the act information on the status of efforts to correct weaknesses identified. To the extent weaknesses are not corrected by the end of the current fiscal year, they should be considered for inclusion in the Administrator's annual report required by the act. |
Closed – Implemented
GSA has implemented this recommendation.
|
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Topics
Electronic data processingCredit salesFederal agency accounting systemsFinancial managementInformation systemsInternal controlsInventory control systemsMaterialityReporting requirementsPrecious metals