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Financial Management: Financial Management Challenges Remain at the Department of Education

T-AIMD-00-323 Published: Sep 19, 2000. Publicly Released: Sep 19, 2000.
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Highlights

Pursuant to a congressional request, GAO discussed financial management at the Department of Education, focusing on: (1) Eduction's current financial management status as evidenced by its fiscal year (FY) 1999 financial audit results and the corrective actions it has taken to resolve weaknesses identified in that audit; and (2) the relationship between the audit findings and the potential for waste, fraud, and abuse.

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Federal agency accounting systemsFinancial managementFinancial statement auditsInternal controlsReporting requirementsStudent financial aidFinancial statementsInformation systemsFinancial management systemsFraud, Waste and Abuse