Review of the Social Security Administration's Accounting System for Accounts Receivable

FGMSD-77-32: Published: Sep 6, 1977. Publicly Released: Sep 6, 1977.

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A review of the Social Security Administration's (SSA) accounting system for accounts receivable including related billing and collection procedures showed that SSA procedures and practices for recording and controlling accounts receivable did not comply fully with the principles, standards, and related requirements prescribed by the Comptroller General.

More than $742 million in overpayments was not reported as receivables and many follow-up collection actions were not made promptly. Although some overpayments may eventually prove to be uncollectible, accounting controls over all overpayments are necessary to protect the interests of the government and to present fairly the financial position of the agency. Effective supervisory reviews are necessary to ensure that follow-up actions are taken promptly.

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