Financial Management: Significant Weaknesses in Corps of Engineers' Computer Controls

Financial Management: Significant Weaknesses in Corps of Engineers' Computer Controls

Date: October 11, 2000
Creator: United States. General Accounting Office.
Description: A letter report issued by the General Accounting Office with an abstract that begins "GAO tested the effectiveness of general and application controls that support the Army Corps of Engineers' key financial system. This system processes military engineering, construction, and real estate projects and civil works projects involving the investigation, development, and maintenance of the nation's waters and related environmental resources. GAO found pervasive weaknesses in computer controls at the Corps' data processing centers. Other Corps sites revealed serious vulnerabilities that would allow both hackers and legitimate users with valid access privileges to improperly modify, inappropriately disclose, or destroy sensitive and financial data, including social security numbers and other personal information. These weaknesses undermine the Corps' ability to ensure the confidentiality and availability of data in the financial system."
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: Improved Financial Systems Are Key to FFMIA Compliance

Financial Management: Improved Financial Systems Are Key to FFMIA Compliance

Date: October 1, 2004
Creator: United States. Government Accountability Office.
Description: A letter report issued by the Government Accountability Office with an abstract that begins "The ability to produce the data needed to efficiently and effectively manage the day-to-day operations of the federal government and provide accountability to taxpayers has been a long-standing challenge to most federal agencies. To help address this challenge, the Federal Financial Management Improvement Act of 1996 (FFMIA) requires the 23 Chief Financial Officers Act agencies to implement and maintain financial management systems that comply substantially with (1) federal financial management systems requirements, (2) applicable federal accounting standards, and (3) the U.S. Government Standard General Ledger (SGL) at the transaction level. FFMIA also requires GAO to report annually on the implementation of the act."
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: Coordinated Approach Needed to Address the Government's Improper Payments Problems

Financial Management: Coordinated Approach Needed to Address the Government's Improper Payments Problems

Date: August 9, 2002
Creator: United States. General Accounting Office.
Description: A letter report issued by the General Accounting Office with an abstract that begins "This report discusses (1) the amount of improper payments reported in agencies' fiscal year 2000 financial statements, (2) the extent to which agencies' fiscal year 2002 performance plans address improper payments, (3) the extent to which the Office of Management and Budget (OMB) has implemented previous GAO recommendations in this area, and (4) other actions that might encourage agencies to better report improper payments. Of the 15 agency performance plans GAO reviewed, only 4 comprehensively addressed any of the Government Performance and Results Act requirements for evaluating the effectiveness of federal programs and the resources spent on them. GAO found that improper payments often result from a lack of, or breakdown in, internal controls. This report also contains recommendations for agencies to assign responsibilities to minimize improper payments and for OMB to assist agencies in identifying and implementing corrective actions."
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: Reporting of Army Conventional Ammunition as Operating Materials and Supplies

Financial Management: Reporting of Army Conventional Ammunition as Operating Materials and Supplies

Date: October 24, 2000
Creator: United States. General Accounting Office.
Description: Correspondence issued by the General Accounting Office with an abstract that begins "The Army's current accounting practices and manual procedures for calculating operating materials and supplies (OM&S) balances caused accounting errors that understated the Army's fiscal year 1999 OM&S balance by at least $1.5 billion. In addition, ammunition held at retail-level installations for training purposes was excluded from the financial reports."
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: Financial Management Challenges Remain at the Department of Education

Financial Management: Financial Management Challenges Remain at the Department of Education

Date: September 19, 2000
Creator: United States. General Accounting Office.
Description: Testimony issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO discussed financial management at the Department of Education, focusing on: (1) Eduction's current financial management status as evidenced by its fiscal year (FY) 1999 financial audit results and the corrective actions it has taken to resolve weaknesses identified in that audit; and (2) the relationship between the audit findings and the potential for waste, fraud, and abuse."
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: Financial Management Weaknesses at the Department of Education

Financial Management: Financial Management Weaknesses at the Department of Education

Date: December 6, 1999
Creator: United States. General Accounting Office.
Description: Testimony issued by the General Accounting Office with an abstract that begins "GAO discussed its review of the independent auditors' reports on the Department of Education's financial statements covering fiscal year (FY) 1998, focusing on: (1) weaknesses in the financial reporting process; (2) inadequate reconciliations of financial accounting records; and (3) inadequate controls over information systems."
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: Effective Implementation of FFMIA Is Key to Providing Reliable, Useful, and Timely Data

Financial Management: Effective Implementation of FFMIA Is Key to Providing Reliable, Useful, and Timely Data

Date: June 6, 2002
Creator: United States. General Accounting Office.
Description: Testimony issued by the General Accounting Office with an abstract that begins "The Federal Financial Management Improvement Act (FFMIA) of 1996 ensures that agency financial management systems routinely provide reliable and timely financial information on the investment of resources, reduced costs and programs oversight. Although many agencies are receiving unqualified opinions on their financial statements, auditor determinations of FFMIA compliance are lagging. To achieve the financial management improvements envisioned by the Chief Financial Officers Act, FFMIA, and more recently, the President's Management Agenda, agencies need to modernize their financial systems to generate reliable, useful, and timely financial information throughout the year and at year-end."
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: Challenges in Meeting Governmentwide Improper Payment Requirements

Financial Management: Challenges in Meeting Governmentwide Improper Payment Requirements

Date: July 20, 2005
Creator: United States. Government Accountability Office.
Description: Testimony issued by the Government Accountability Office with an abstract that begins "Improper payments are a longstanding, widespread, and significant problem in the federal government. The Congress enacted the Improper Payments Information Act (IPIA) of 2002 to address this issue. Fiscal year 2004 marked the first year that federal agencies governmentwide were required to report improper payment information under IPIA. One result of IPIA has been increased visibility over improper payments by requiring federal agencies to identify programs and activities susceptible to improper payments, estimate the amount of their improper payments, and report on the amount of and their actions to reduce their improper payments in their annual Performance and Accountability Reports (PAR). Because of your continued interest in addressing the governmentwide improper payments issue, you asked GAO to report on the progress being made by agencies in complying with certain requirements of IPIA. My testimony today summarizes the results of that work reported to you in March 2005. Ultimately, the success of this legislation hinges on each agency's diligence and commitment to identifying, estimating, and determining the causes of, then taking corrective actions, and measuring progress in reducing improper payments."
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: Problems in Accounting for Navy Transactions Impair Funds Control and Financial Reporting

Financial Management: Problems in Accounting for Navy Transactions Impair Funds Control and Financial Reporting

Date: January 19, 1999
Creator: United States. General Accounting Office.
Description: A letter report issued by the General Accounting Office with an abstract that begins "Pursuant to a legislative requirement, GAO reviewed the effects of in-transit disbursements on the Navy's funds control and financial reporting."
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: DOD Needs to Clarify Its General Gift Fund Policies to Provide for Effective Oversight

Financial Management: DOD Needs to Clarify Its General Gift Fund Policies to Provide for Effective Oversight

Date: May 27, 2009
Creator: United States. Government Accountability Office.
Description: Correspondence issued by the Government Accountability Office with an abstract that begins "From fiscal year 2005 through fiscal year 2008, the military services received about $295 million in monetary and nonmonetary gifts from individuals and organizations wishing to donate gifts to the Department of Defense (DOD). Section 2601(a) of Title 10, U.S. Code is a long-standing authority under which the secretaries overseeing DOD, the military services, and the Coast Guard may accept a gift on the condition that the gift be used for the benefit of or in connection with the establishment, operation, or maintenance of schools, hospitals, libraries, museums, cemeteries, or other institutions or organizations under the jurisdiction of the secretary concerned. In 2008, gifts to benefit such institutions or organizations included a monetary gift to construct an education center and nonmonetary gifts of a bronze statue and granite benches. In 2006, Congress enacted additional authority, under 10 U.S.C. 2601(b) to allow the acceptance of gifts and services to benefit certain members of the armed forces and civilian employees of DOD who incurred a wound, injury, or illness in the line of duty and to benefit the dependents and survivors of those who are killed or wounded. For example, ...
Contributing Partner: UNT Libraries Government Documents Department
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