Education Financial Management: Weak Internal Controls Led to Instances of Fraud and Other Improper Payments

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Testimony issued by the General Accounting Office with an abstract that begins "The Department of Education has a history of financial management problems, including serious internal control weaknesses, that have affected the Department's ability to provide reliable financial information on its operations. GAO found that significant internal control weaknesses in payment processes and poor physical control over its computer assets led to fraud, improper payments, and lost assets. GAO also identified instances of grant and loan fraud and pervasive control breakdowns and improper payments in other areas, particularly involving purchasing cards."

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United States. General Accounting Office. April 10, 2002.

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Description

Testimony issued by the General Accounting Office with an abstract that begins "The Department of Education has a history of financial management problems, including serious internal control weaknesses, that have affected the Department's ability to provide reliable financial information on its operations. GAO found that significant internal control weaknesses in payment processes and poor physical control over its computer assets led to fraud, improper payments, and lost assets. GAO also identified instances of grant and loan fraud and pervasive control breakdowns and improper payments in other areas, particularly involving purchasing cards."

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Government Accountability Office Reports

The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for the U.S. Congress investigating how the federal government spends taxpayers' money. Its goal is to increase accountability and improve the performance of the federal government. The Government Accountability Office Reports Collection consists of over 13,000 documents on a variety of topics ranging from fiscal issues to international affairs.

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  • April 10, 2002

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  • June 10, 2014, 6:42 a.m.

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United States. General Accounting Office. Education Financial Management: Weak Internal Controls Led to Instances of Fraud and Other Improper Payments, text, April 10, 2002; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc289598/: accessed December 16, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.