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Auditing and Financial Management (61 - 70 of 9,716 items)
DOD Financial Management: Additional Efforts Needed to Improve Audit Readiness of Navy Military Pay and Other Related Activities
GAO-15-658: Published: Sep 15, 2015. Publicly Released: Oct 15, 2015.
Based on documentation provided by the Navy and the results of audit procedures, an independent public accountant (IPA) concluded that information reported on the Navy's schedule of military pay activity for April 2013 reconciled to a complete population of pay transactions that were adequately supported and valid. GAO reviewed the Navy's documentation and the IPA's related audit documentation. No...
Fiscal Outlook: Addressing Improper Payments and the Tax Gap Would Improve the Government's Fiscal Position
GAO-16-92T: Published: Oct 1, 2015. Publicly Released: Oct 1, 2015.
A number of strategies, including implementing preventive controls and addressing GAO's prior recommendations, can help agencies reduce improper payments, which have been a persistent, government-wide issue. The improper payment estimate, attributable to 124 programs across 22 agencies in fiscal year 2014, was $124.7 billion, up from $105.8 billion in fiscal year 2013. The almost $19 billion incre...
DOD Financial Management: Continued Actions Needed to Address Congressional Committee Panel Recommendations
GAO-15-463: Published: Sep 28, 2015. Publicly Released: Sep 28, 2015.
The Department of Defense (DOD) has made progress toward implementing each of the 29 recommendations made by the House Armed Services Committee Panel on Defense Financial Management and Auditability Reform (the panel). GAO determined that DOD's actions met 6 of the panel's recommendations and partially met the other 23. In its May 2015 Financial Improvement and Audit Readiness (FIAR) Plan Status R...
U.S. Coast Guard National Pollution Funds Center: Improved Controls Needed for Oil Removal Disbursements and Action Needed for Sustainable Funding
GAO-15-682: Published: Sep 15, 2015. Publicly Released: Sep 15, 2015.
The U.S. Coast Guard's National Pollution Funds Center (NPFC) has responsibility for disbursements from the Oil Spill Liability Trust Fund (Fund).The Fund enables the Coast Guard and the Environmental Protection Agency (EPA) to respond to oil spills. The Oil Pollution Act of 1990 (OPA) authorizes the Fund to pay for certain damage claims and oil removal costs. The federal government may subsequent...
Federal Spending Accountability: Preserving Capabilities of Recovery Operations Center Could Help Sustain Oversight of Federal Expenditures
GAO-15-814: Published: Sep 14, 2015. Publicly Released: Sep 14, 2015.
The Recovery Accountability and Transparency Board's (Recovery Board) Recovery Operations Center (ROC) provided significant analytical services primarily to Offices of the Inspector General (OIG) to support antifraud and other activities. Congress initially established the Recovery Board to oversee funds appropriated by the American Recovery and Reinvestment Act of 2009. Subsequently, it expanded...
Senate Gift Shop Revolving Fund: Audit of Fiscal Year 2014 Cash Receipts and Disbursements
GAO-15-786R: Published: Sep 9, 2015. Publicly Released: Sep 9, 2015.
GAO found that recorded cash receipts and disbursements of the Senate Gift Shop Revolving Fund (Fund) for fiscal year 2014 were accurate and supported by documentation approved by authorized management. In addition, GAO found that cash disbursements for fiscal year 2014 were consistent with the purpose of the Fund. Specifically, GAO found that cash receipts were (1) accurately recorded in the dail...
DOD Financial Management: Actions Are Needed on Audit Issues Related to the Marine Corps' 2012 Schedule of Budgetary Activity
GAO-15-198: Published: Jul 30, 2015. Publicly Released: Aug 3, 2015.
GAO found that in certain key audit areas, the Department of Defense (DOD) Office of Inspector General (OIG) did not perform sufficient procedures, under professional standards, and consequently did not obtain sufficient, appropriate audit evidence to support the audit opinion on the Marine Corps' Fiscal Year 2012 Schedule of Budgetary Activity (Schedule). GAO found that the OIG did not perform su...
Management Report: Improvements Needed in Controls over the Processes Used to Prepare the U.S. Consolidated Financial Statements
GAO-15-630: Published: Jul 30, 2015. Publicly Released: Jul 30, 2015.
During its audit of the fiscal year 2014 consolidated financial statements of the U.S. government (CFS), GAO identified control deficiencies in the Department of the Treasury's (Treasury) and the Office of Management and Budget's (OMB) processes used to prepare the CFS. These control deficiencies contributed to material weaknesses in internal control over the federal government's ability toadequat...
Bureau of Land Management: Improvements Needed in Internal Controls over Mining Law Administration Program Funds
GAO-15-562: Published: Jul 23, 2015. Publicly Released: Jul 29, 2015.
The Department of the Interior's (Interior) Bureau of Land Management's (BLM) Mining Law Administration Program (mining law program) was appropriated and expended almost $40 million annually from fiscal years 2011 through 2013. Funds are to be used for mining law program activities such as administering mining claims and processing notices for mineral exploration. The mining law program's largest...
Senate Office of Public Records Revolving Fund: Audit of Fiscal Year 2014 Cash Receipts
GAO-15-709R: Published: Jul 16, 2015. Publicly Released: Jul 16, 2015.
GAO found that the Senate Office of Public Records Revolving Fund's (Fund) total recorded cash receipts of $10,027 for fiscal year 2014 were accurate and supported by documentation. Specifically, GAO found that the receipts were sequentially numbered without gaps and applicable to fiscal year 2014. GAO also found that the Fund's total cash receipt activity for fiscal year 2014 reconciled to the Se...