American Battle Monuments Commission's Financial Statement Audit for Fiscal Year 1997
AIMD-98-130R: Published: Apr 28, 1998. Publicly Released: Apr 28, 1998.
- Full Report:
GAO provided suggestions: (1) on how to correct weaknesses regarding the effectiveness of the American Battle Monuments Commission's (ABMC) internal controls over financial reporting; and (2) to assist ABMC in improving its operations in other less significant areas.
GAO noted that: (1) many of ABMC's weaknesses are systems related; (2) during fiscal year 1998, ABMC plans to select a commercial off-the-shelf system from approved vendors on the General Services Administration's Financial Management Systems Software schedule; (3) the system selected is to conform to all current guidance and be year 2000 compliant; and (4) a draft of KPMG Peat Marwick LLP's management letter, dated January 13, 1998, was provided to ABMC officials who agreed with its contents and said that they will consider all of the suggestions.