Review of the Department of Labor's Accounting System for Recording and Reporting Accounts Receivable from the Public

The accounts receivable recorded in the accounting system approved by the Comptroller General in October 1972 for the Department of Labor were not accurate. As a result, the balance of accounts receivable from the public reported to the Department of the Treasury was inaccurate. Recorded and reported accounts receivable due from the public contained both overstatements and understatements.