Inspection of the U.S. Pacific Fleet's Accounting Stations
FGMSD-79-39: Published: Jul 10, 1979. Publicly Released: Jul 10, 1979.
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A survey was made of accounting controls at 21 U.S. Pacific Fleet accounting stations, including 21 ships, the Naval Amphibious Base of the Surface Force, 2 submarines, 2 bases of the Submarine Force, 2 naval air stations, and an air squadron.
The survey disclosed that many internal control weaknesses existed in the accounting system. The following weaknesses were found at one or more of the locations: (1) excessive cash levels were being retained by ships' disbursing officers; (2) imprest funds were not properly managed; basic control procedures were not in use, questionable expenditures were being made, and excess cash balances were being held; (3) disbursements for travel were not effectively controlled, the vouchers were not adequately preaudited and excess advances were not recovered; (4) collections were not properly handled, adequately safeguarded, or promptly deposited, effective collection action was not taken on delinquent accounts, and the duties of employees involved in cash collections were not segregated; and (4) statistical sampling procedures were being applied to vouchers with dollar values much greater than those authorized by the Comptroller General.
Nov 16, 2020
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Financial Audit:
Bureau of Consumer Financial Protection's FY 2020 and FY 2019 Financial StatementsGAO-21-174R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
Financial Audit:
Federal Housing Finance Agency's FY 2020 and FY 2019 Financial StatementsGAO-21-201R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
Financial Audit:
Securities and Exchange Commission's FY 2020 and FY 2019 Financial StatementsGAO-21-192R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020.
Nov 10, 2020
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Financial Audit:
IRS's FY 2020 and FY 2019 Financial StatementsGAO-21-162: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020. -
Financial Audit:
Office of Financial Stability's (Troubled Asset Relief Program) FY 2020 and FY 2019 Financial StatementsGAO-21-173R: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020.
Nov 9, 2020
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Financial Audit:
Bureau of the Fiscal Service's FY 2020 and FY 2019 Schedules of Federal DebtGAO-21-124: Published: Nov 9, 2020. Publicly Released: Nov 9, 2020.
Nov 6, 2020
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FY 2020 Excise Tax:
Agreed-Upon Procedures Related to Distributions to Trust FundsGAO-21-163R: Published: Nov 6, 2020. Publicly Released: Nov 6, 2020.
Oct 13, 2020
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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.
Sep 30, 2020
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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
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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.
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