Financial Management: Federal Aviation Administration Lacked Accountability for Major Assets

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)

Office of Public Affairs

Chuck Young

Managing Director

youngc1@gao.gov

(202) 512-4800

Topics

Auditing and Financial Management

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