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Review of the Reliability and Accuracy of the Government Printing Office's Monthly Financial Statements

AFMD-83-32 Published: Feb 14, 1983. Publicly Released: Feb 14, 1983.
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Highlights

In response to a congressional request, GAO reviewed the financial statements prepared by the Government Printing Office (GPO) for the months of April, May, and June 1982 for comparability, consistency, and adequacy of financial disclosures.

Recommendations

Recommendations for Executive Action

Agency Affected Recommendation Status
Government Publishing Office The Public Printer should direct the GPO Controller to determine and reflect the following data in monthly financial statements: adjustments for deferred revenues, building improvement expenditures, sales on consignment, and accounts payable.
Closed – Implemented
Please call 202/512-6100 for information.
Government Publishing Office The Public Printer should direct the GPO Controller to include all information necessary to fairly and accurately present the monthly financial results.
Closed – Implemented
Please call 202/512-6100 for information.
Government Publishing Office The Public Printer should direct the GPO Controller to use the same format in the monthly financial statements as in the yearend statements.
Closed – Not Implemented
GPO does not plan to adopt the recommendation because it would delay issuance of the monthly statements.
Government Publishing Office The Public Printer should direct the GPO Controller to include the total revolving fund and appropriated fund information in the monthly statements.
Closed – Not Implemented
GPO does not plan to adopt the recommendation because it would delay issuance of the monthly statements.
Government Publishing Office The Public Printer should direct the GPO Controller to increase supervision of critical revenue and expense accounting entries, especially when normal accounting procedures are modified or manual or new automated procedures are used.
Closed – Implemented
Please call 202/512-6100 for information.
See All 5 Recommendations

Full Report

Full Report (12 pages)

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Topics

Government Operations
Accounting errorsAccounting proceduresFinancial recordsFinancial statementsPayrollExpenditure of fundsData errorsPayroll recordsGovernment auditing standardsAccounting standards