Financial Management: Education Faces Challenges in Achieving Financial Management Reform
T-AIMD-00-106
Published: Mar 01, 2000. Publicly Released: Mar 01, 2000.
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Highlights
Pursuant to a congressional request, GAO discussed the challenges the Department of Education faces in achieving financial management reform, focusing on: (1) Education's fiscal year (FY) 1999 financial audit results in the context of related work GAO has performed; (2) the relationship between the audit findings and the potential for waste, fraud, and abuse; and (3) the status of GAO's ongoing study of the department's grantback account.
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Accounting proceduresAuditing standardsFederal agency accounting systemsFinancial management systemsFinancial recordsFinancial statement auditsInternal controlsNoncomplianceReporting requirementsFinancial statements