Financial Management: USDA Continues to Face Major Financial Management Challenges

Pursuant to a congressional request, GAO discussed Department of Agriculture (USDA) financial management issues, focusing on USDA's challenges in: (1) implementing the Federal Credit Reform Act of 1990 and related accounting standards; (2) reconciling its Fund Balance with Treasury accounts; (3) addressing weaknesses in the Forest Service's financial accounting and reporting; and (4) correcting certain other material internal control weaknesses.