Examination of Customs' Fiscal Year 1992 Financial Statements
AIMD-93-3: Published: Jun 30, 1993. Publicly Released: Jun 30, 1993.
- Full Report:
Pursuant to a legislative mandate, GAO examined the Customs Service's financial statements for fiscal year (FY) 1992 and its internal controls and compliance with applicable laws and regulations.
GAO found that: (1) it could not determine the reliability of the Customs' financial statements because of the lack of reliable financial information and inadequate financial systems and processes; (2) Customs' internal controls had numerous material weaknesses and were improperly designed and implemented; and (3) there was no evidence of noncompliance with applicable laws and regulations.