Internal Control Reviews Conducted at Army's 5th Regional Finance and Accounting Office and V Corps Locations
AFMD-93-6ML: Published: Jan 5, 1993. Publicly Released: Jan 27, 1993.
Additional Materials:
- Full Report:
Contact:
GAO reviewed the Army's Regional Finance and Accounting Office's financial management systems and operations. GAO found that: (1) internal controls were ineffective and failed to reflect all year-end account balances; (2) the Army understated the value of nontactical equipment by nearly $39 million due to its failure to follow established reporting requirements; (3) computer system coding errors resulted in unreliable stock-funded inventory reporting; (4) ineffective controls over travel voucher preparations, blank treasury checks and cash accounting, and time, attendance, and payroll deduction computations could result in losses or fraud; and (5) the Army needed to increase internal accounting controls to ensure proper accountability and protection of resources.
Oct 13, 2020
DOD Financial Management:
Continued Efforts Needed to Correct Material Weaknesses Identified in Financial Statement AuditsGAO-21-157: Published: Oct 13, 2020. Publicly Released: Oct 13, 2020.
Oct 7, 2020
-
The Nation's Fiscal Health:
A Long-Term Plan Is Needed for Fiscal SustainabilityGAO-21-161T: Published: Oct 7, 2020. Publicly Released: Oct 7, 2020. -
Unaccompanied Children:
Actions Needed to Improve Grant Application Reviews and Oversight of Care FacilitiesGAO-20-609: Published: Sep 15, 2020. Publicly Released: Oct 7, 2020.
Sep 30, 2020
-
Financial Management:
DOD Needs to Implement Comprehensive Plans to Improve Its Systems EnvironmentGAO-20-252: Published: Sep 30, 2020. Publicly Released: Sep 30, 2020.
Sep 9, 2020
-
Defense Real Property:
DOD-Wide Strategy Needed to Address Control Issues and Improve Reliability of RecordsGAO-20-615: Published: Sep 9, 2020. Publicly Released: Sep 9, 2020.
Aug 25, 2020
-
Management Report:
Improvements Needed in Controls over the Processes Used to Prepare the U.S. Consolidated Financial StatementsGAO-20-586: Published: Aug 25, 2020. Publicly Released: Aug 25, 2020.
Aug 6, 2020
-
Federal Financial Management:
Substantial Progress Made since Enactment of the 1990 CFO Act; Refinements Would Yield Added BenefitsGAO-20-566: Published: Aug 6, 2020. Publicly Released: Aug 6, 2020.
Jun 17, 2020
-
Improper Payments:
Improvements Needed to Ensure Reliability and Accuracy in DOE's Risk Assessments and ReportingGAO-20-442: Published: Jun 17, 2020. Publicly Released: Jun 17, 2020.
Jun 10, 2020
-
Civil Monetary Penalties:
Review of Federal Agencies' Compliance with the 2019 Annual Inflation Adjustment RequirementsGAO-20-538R: Published: Jun 10, 2020. Publicly Released: Jun 10, 2020.
Jun 8, 2020
-
Inspectors General:
Independence Principles and Considerations for ReformGAO-20-639R: Published: Jun 8, 2020. Publicly Released: Jun 8, 2020.
Looking for more? Browse all our products here
Explore our Key Issues on Auditing and Financial Management
- Department of Energy's Contract Management for the National Nuclear Security Administration and Office of Environmental Management - High Risk Issue
- DHS Management - High Risk Issue
- DOD Business Systems Modernization - High Risk Issue
- DOD Financial Management - High Risk Issue
- Federal Financial Accountability
- Improper Payments
- Medicaid - High Risk Issue
- Medicare - High Risk Issue
- U.S. Government's Environmental Liability - High Risk Issue
Explore our other Key Issues here
