Deferred Maintenance Reporting: Challenges to Implementation

AIMD-98-42 Published: Jan 30, 1998. Publicly Released: Feb 19, 1998.

Highlights

Pursuant to a congressional request, GAO reviewed: (1) the plans and progress of 11 agencies toward implementing the new deferred maintenance requirements of the Statement of Federal Financial Accounting Standards (SFFAS) No. 6; and (2) the official position of agency Chief Financial Officers (CFO) and Inspector Generals (IG) with respect to its implementation.

Full Report

Full Report (73 pages)

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Chuck Young

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(202) 512-4800

Topics

Auditing and Financial Management

Accounting proceduresFederal agency accounting systemsFederal propertyFinancial managementFinancial statementsInternal controlsMaintenance costsMaintenance standardsReporting requirementsDeferred maintenance