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."
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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."
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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."
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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."
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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
Financial Management: Audit of the Senate Stationery Room Revolving Fund for Fiscal Year 2010

Financial Management: Audit of the Senate Stationery Room Revolving Fund for Fiscal Year 2010

Date: April 6, 2011
Creator: United States. Government Accountability Office.
Description: Correspondence issued by the Government Accountability Office with an abstract that begins "In a letter dated July 22, 2010, Congress requested that we conduct an audit of the Senate Stationery Room's cash receipts and cash disbursements recorded in the Senate Stationery Room Revolving Fund for the fiscal year ended September 30, 2010. In the letter, Congress also requested that we review the inventory accounting procedures of the Stationery Room. The Senate Stationery Room provides for the sale of stationery to members of the Senate, Senate offices, and other Senate committees and authorized organizations. This includes the sale of office and administrative supplies, personalized stationery, flags, and special order items such as business cards. All sales receipts are taken to the Senate Disbursing Office for deposit into the Senate Stationery Room Revolving Fund in the U.S. Treasury. The Stationery Room then uses the cash receipts to purchase inventory items and emergency supplies for resale, and to pay for other services expenses. The Senate Disbursing Office maintains the money and makes payments on behalf of the Senate Stationery Room Revolving Fund. Salaries and benefits of Senate employees who work in the Stationery Room are not paid from the revolving fund; rather, they ...
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: National Institutes of Health Research Invention Licenses and Royalties

Financial Management: National Institutes of Health Research Invention Licenses and Royalties

Date: November 22, 1999
Creator: United States. General Accounting Office.
Description: Correspondence issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO provided information on issues related to the National Institutes of Health's (NIH) licensing of inventions developed under intramural research projects, focusing on the: (1) extent of and reasons for the differences between the number of research inventions licensed under cooperative research and development agreements (CRADA) compared to inventions licensed under other intramural research projects; and (2) internal controls that ensure proper accountability for royalty income resulting from these licenses."
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: Federal Financial Management Improvement Act Results for Fiscal Year 1998

Financial Management: Federal Financial Management Improvement Act Results for Fiscal Year 1998

Date: October 1, 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 federal agencies' efforts to implement the Federal Financial Management Improvement Act (FFMIA), focusing on: (1) compliance of chief financial officer (CFO) agencies' financial systems with FFMIA's requirements; (2) whether CFO agencies' financial statements have been prepared in accordance with applicable accounting standards; and (3) agencies' plans to ensure that their systems comply with FFMIA requirements."
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: Misstatements of NASA's Statement of Budgetary Resources

Financial Management: Misstatements of NASA's Statement of Budgetary Resources

Date: March 30, 2001
Creator: United States. General Accounting Office.
Description: A letter report issued by the General Accounting Office with an abstract that begins "In June 2000, the House Committee on Science identified a significant discrepancy between an amount reported in the National Aeronautic and Space Administration's (NASA) audited financial statements for fiscal year 1999 and its submission in the President's Budget for fiscal year 2001. NASA's 1999 financial statement was misstated by a reported $644 million. The misstatement was in the "Recoveries of Prior Year Obligations" line of the statement. NASA had relied on an ad hoc process that included a data call from the reporting units' (nine centers and headquarters) separate systems and a compilation of reported amounts using a spreadsheet. In addition, when compiling these data, NASA headquarters mistakenly added amounts that were not relevant to the recoveries line. Headquarters officials said that the error resulted from their misinterpretation of the Office of Management and Budget (OMB) guidance on what to include in the recoveries line. NASA is now acquiring and implementing a single, commercial off-the-shelf core accounting system that it believes will solve the problem. In its audit of NASA's financial statements for fiscal year 1999, Arthur Andersen did not detect the error in NASA's Statement ...
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: Survey of Capitalization Threshold and Other Policies for Property, Plant, and Equipment

Financial Management: Survey of Capitalization Threshold and Other Policies for Property, Plant, and Equipment

Date: October 15, 2002
Creator: United States. General Accounting Office.
Description: A letter report issued by the General Accounting Office with an abstract that begins "In passing the 1990 Chief Financial Officers Act and a range of other financial management reform legislation, Congress has sought to overcome the historical lack of reliable, useful, and timely information with which to make informed decisions, measure and control costs, manage for results, and ensure financial accountability on an ongoing basis. Reported capitalization threshold levels at the 14 agencies GAO surveyed ranged from zero to $250,000. Despite the sharp increase in the capitalization threshold, all but one of the 14 agencies responded that they maintained property records for the government's general property, plant, and equipment (PP&E) not capitalized on the balance sheet, citing safeguarding of PP&E and supporting agency operations as the key reasons for maintaining such information. Federal capitalization thresholds are significantly higher than those reported by the private sector entities GAO surveyed. In some cases, the federal capitalization thresholds for real property were up to 50 times higher than those noted in the private sector. In contrast to the wide variance between federal agency and private sector capitalization threshold policies, federal agency useful life policies were generally similar to those found in the ...
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Financial Management: Challenges Remain in Meeting Requirements of the Improper Payments Information Act

Financial Management: Challenges Remain in Meeting Requirements of the Improper Payments Information Act

Date: March 9, 2006
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 of 2002 (IPIA) to address this issue. Fiscal year 2005 marked the second 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 amounts of improper payments and their actions to reduce them in their annual performance and accountability reports (PAR). GAO was asked to testify on the progress being made by agencies in complying with requirements of IPIA and the magnitude of improper payments. As part of the review, GAO looked at (1) the extent to which agencies have performed risk assessments, (2) the annual amount of improper payments estimated, and (3) the amount of improper payments recouped through recovery audits."
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: Thousands of Civilian Agency Contractors Abuse the Federal Tax Systems with Little Consequence

Financial Management: Thousands of Civilian Agency Contractors Abuse the Federal Tax Systems with Little Consequence

Date: June 16, 2005
Creator: United States. Government Accountability Office.
Description: Testimony issued by the Government Accountability Office with an abstract that begins "Tax abuses by contractors working for the Department of Defense, which GAO previously reported on, have led to concerns about similar abuses by those hired by civilian agencies. GAO was asked to determine if similar problems exist at civilian agencies and, if so, to (1) quantify the amount of unpaid federal taxes owed by civilian agency contractors paid through the Financial Management Service (FMS), (2) determine whether there are indications of abusive or potential criminal activity by contractors with unpaid tax debts, and (3) identify any statutory or policy impediments and control weaknesses that impede tax collections under the Federal Payment Levy Program (FPLP)."
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: Effective Internal Control Is Key to Accountability

Financial Management: Effective Internal Control Is Key to Accountability

Date: February 16, 2005
Creator: United States. Government Accountability Office.
Description: Testimony issued by the Government Accountability Office with an abstract that begins "Internal control is at the heart of accountability for our nation's resources and how effectively government uses them. This testimony outlines the importance of internal control, summarizes the Congress's long-standing interest in internal control and the related statutory framework, discusses GAO's experiences and lessons learned from agency assessments since the early 1980s, and provides GAO's views on the Office of Management and Budget's (OMB) recent revisions to its Circular A- 123. GAO highlights six issues important to successful implementation of the revised Circular, specifically, the need for supplemental guidance and implementation tools; vigilance over the broader range of controls covering program objectives; strong support from managers throughout the agency, and at all levels; risk-based assessments and an appropriate balance between the costs and benefits of controls; management testing of controls in operation to assess if they are designed adequately and operating effectively; and management accountability for control breakdowns. Finally, GAO discusses its views on the importance of auditor opinions on internal control over financial reporting."
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: DOD's Ability to Prevent, Identify, Investigate, and Report on Antideficiency Act Violations

Financial Management: DOD's Ability to Prevent, Identify, Investigate, and Report on Antideficiency Act Violations

Date: July 28, 2008
Creator: United States. Government Accountability Office.
Description: Correspondence issued by the Government Accountability Office with an abstract that begins "This report formally transmits a briefing in response to Senate Report No.110-77, which accompanied the National Defense Authorization Act for Fiscal Year 2008. The Senate Report directed GAO to review the department's efforts to prevent, identify, investigate, and report Antideficiency Act (ADA) violations and disciplinary actions taken when violations occur. On July 22, 2008, we provided our preliminary observations to staff of Congressional committees in response to the mandate. We will be reporting details on the information presented in the briefing in a future report."
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: Improvements Needed in NIH's Controls Over Royalty Income

Financial Management: Improvements Needed in NIH's Controls Over Royalty Income

Date: July 21, 2000
Creator: United States. General Accounting Office.
Description: A letter report issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO provided information on the deficiencies in the National Institutes of Health (NIH) internal controls over royalty income that is distributed to institutes and inventors."
Contributing Partner: UNT Libraries Government Documents Department
Financial Management: Amtrak's Route Profitability Schedules Need Improvement

Financial Management: Amtrak's Route Profitability Schedules Need Improvement

Date: July 15, 2002
Creator: United States. General Accounting Office.
Description: Correspondence issued by the General Accounting Office with an abstract that begins "Amtrak provides an Annual Operations Report to Congress that shows revenue, cost, and profit or loss on all its train routes in the form of route profitability schedules and an annual audited financial statement. In addition, Amtrak periodically receives congressional requests to provide route profitability schedules at different times of the year. In November 2001, Amtrak changed the way it prepared its route profitability schedules and applied this new method to information previously provided for fiscal years 1999 and 2000. Based on the initial information requested and provided, the schedule totals could not be readily reconciled to the audited financial statements for the corresponding periods. According to Amtrak officials, in order to focus on the operating profitability of Amtrak's routes, they excluded certain items included in the financial statement amounts in preparing the route schedule data. As a result, the totals for both sets of schedules did not tie directly to the audited financial statements. Amtrak also allocated certain profits from its other business activities to its routes as a reduction in route net cost. The allocation of these profits from other business activities undermines the ability to ...
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Financial Management: Poor Internal Control Exposes Department of Education to Improper Payments

Financial Management: Poor Internal Control Exposes Department of Education to Improper Payments

Date: July 24, 2001
Creator: United States. General Accounting Office.
Description: Testimony issued by the General Accounting Office with an abstract that begins "GAO and the Department of Education's Office of Inspector General have issued many reports in recent years on the Department's financial management problems, including internal control weaknesses that put the Department at risk for waste, fraud, abuse, and mismanagement. In an April 2001 assessment of the internal control over Education's payment processes and the associated risks for improper payments, GAO identified four broad categories of internal control weaknesses: poor segregation of duties, lack of supervisory review, inadequate audit trails, and inadequate computer systems' applications controls. This testimony discusses how these weaknesses make Education vulnerable to improper payments in grant and loan payments, third party drafts, and government purchase card purchases. GAO found that Education's student aid application processing system for grants and loans lacks an automated edit check that would identify potentially improper payments from students who were much older than expected, a single social security number associated with two or more dates of birth, grants to recipients in excess of statutory limits, and searches for invalid social security numbers. GAO also found problems with Education's third party draft system. Specifically, Education (1) circumvented a system's application control ...
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Financial Management: Extending the Financial Statements Audit Requirement of the CFO Act to Additional Federal Agencies

Financial Management: Extending the Financial Statements Audit Requirement of the CFO Act to Additional Federal Agencies

Date: May 14, 2002
Creator: United States. General Accounting Office.
Description: Testimony issued by the General Accounting Office with an abstract that begins "Congress is considering expanding the number of federal agencies required to prepare audited financial statements to include all executive branch agencies that have budget authority of $25 million or more. The Federal Financial Management Improvement Act of 1996 builds on the Chief Financial Officers (CFO) Act by encouraging agencies to have systems that generate timely, accurate, and useful information with which to make informed decisions on an ongoing basis. The 26 non-CFO Act agencies that GAO surveyed reported that they anticipate significant benefits from audited financial statements."
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Financial Management: Education Faces Challenges in Achieving Financial Management Reform

Financial Management: Education Faces Challenges in Achieving Financial Management Reform

Date: March 1, 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 the challenges the Department of Education faces in achieving financial management reform, focusing on: (1) Education's fiscal year (FY) 1999 financial audit results in the context of related work GAO has performed; (2) the relationship between the audit findings and the potential for waste, fraud, and abuse; and (3) the status of GAO's ongoing study of the department's grantback account."
Contributing Partner: UNT Libraries Government Documents Department
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