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Financial Management: Federal Aviation Administration Lacked Accountability for Major Assets

AIMD-98-62 Published: Feb 18, 1998. Publicly Released: Feb 18, 1998.
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Highlights

Pursuant to a congressional request, GAO reviewed the Department of Transportation (DOT) Inspector General's (IG) audit report on the Federal Aviation Administration's (FAA) fiscal year 1996 Statement of Financial Position, which reports FAA's assets and liabilities.

Full Report

Full Report
(20 pages)

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Topics

Auditing and Financial Management
AccountabilityAir traffic control systemsAudit oversightCost accountingFederal agency accounting systemsFederal property managementFinancial statementsFuture budget projectionsInternal controlsInventory control systems