Financial management (21 - 30 of 64 items)
Civil Penalties: Agencies Unable to Fully Adjust Penalties for Inflation Under Current Law
GAO-03-409: Published: Mar 14, 2003. Publicly Released: Mar 14, 2003.
Civil penalties are an important element of regulatory enforcement, allowing agencies to punish violators appropriately and to serve as a deterrent to future violations. In 1996, Congress enacted the Inflation Adjustment Act to require agencies to adjust certain penalties for inflation. GAO assessed federal agencies' compliance with the act and whether provisions in the act have prevented agencies...
JFMIP: Acquisition/Financial Systems Interface Requirements; June 2002
JFMIP-SR-02-02: Published: Jun 1, 2002. Publicly Released: Jun 1, 2002.
Acquisition/Financial Systems Interface Requirements is one of a series of functional systems requirements documents published by the Joint Financial Management Improvement Program dealing with Federal financial management systems. To this end, the document identifies existing governmentwide statutory and regulatory requirements associated with the mutual functional interfaces between finance and...
JFMIP: Acquisition/Financial Systems Interface Requirements (Exposure Draft)
JFMIP-SR-01-03: Published: Nov 30, 2001. Publicly Released: Nov 30, 2001.
GAO published a functional requirements document intended to assist agencies when developing new systems and when improving or evaluating existing systems. It provides the baseline functionality that agency systems must have in order to support agency missions and comply with laws and regulations. Specifically, the document focuses on (1) micropurchases made with purchase cards, (2) information re...
JFMIP: Benefit System Requirements
JFMIP-SR-01-01: Published: Sep 1, 2001. Publicly Released: Sep 1, 2001.
GAO published a functional requirements document that provided high level functional requirement for benefits systems that will provide the capability for financial managers, program managers and others to control and account for federal benefit programs as defined in governmentwide and agency specific statutes, regulations, guidelines, and need assessments...
Securities and Exchange Commission: Reviews of Accounting Matters Related to Public Filings
GAO-01-718: Published: Jun 14, 2001. Publicly Released: Jun 14, 2001.
This report reviews the Securities and Exchange Commission's (SEC) resolution of accounting issues submitted by companies that have or are contemplating publicly traded securities. Companies are required by law to register their securities with SEC by filing a registration statement. This statement must contain financial and other information on the securities and the issuer. SEC's Office of the C...
District of Columbia: Oversight in the Post-Control Board Period
GAO-01-845T: Published: Jun 8, 2001. Publicly Released: Jun 8, 2001.
Although the District of Columbia, the Financial Responsibility and Management Assistance Authority, and Congress have achieved an enormous accomplishment in restoring the District to financial viability, many of the challenges the District faced in the past continue. The District and Congress need current, reliable information about the District's financial condition and developing trends in orde...
JFMIP: Benefit System Requirements (Draft)
JFMIP-SR-01-01: Published: May 1, 2001. Publicly Released: May 1, 2001.
GAO published a functional requirements document that provided high level functional requirements for benefits systems that will provide the capability for financial managers, program managers and others to control and account for federal benefit programs as defined in governmentwide and agency specific statutes, regulations, guidelines, and need assessments...
Federal Accounting and Reporting: Framework for Assessing the Reliability of Budget Execution Data Is Not Yet Fully Implemented
GAO-01-43: Published: Oct 6, 2000. Publicly Released: Oct 6, 2000.
Beginning with fiscal year (FY) 1998, federal agencies were required to prepare a Statement of Budgetary Resources (SBR) as one of their primary financial statements. GAO's review of 22 major budgetary accounts at 10 agencies, constituting approximately 77 percent of FY 1999 net outlays, showed that the federal accounting and reporting framework was properly implemented for 14 accounts constitutin...
Anti-Drug Media Campaign: ONDCP Met Most Mandates, but Evaluations of Impact Are Inconclusive
GGD/HEHS-00-153: Published: Jul 31, 2000. Publicly Released: Jul 31, 2000.
Pursuant to a legislative requirement, GAO reviewed the Office of National Drug Control Policy's (ONDCP) National Youth Anti-Drug Media Campaign, focusing on: (1) whether ONDCP provided timely financial reports to Congress; (2) how funds for paid advertising were managed and disbursed; (3) whether ONDCP complied with certain statutory requirements regarding the obligation of funds; (4) what ONDCP...
United States Capitol Police: 1999 Financial Audit Highlights Need to Address Internal Control Weaknesses
AIMD-00-153: Published: May 15, 2000. Publicly Released: May 15, 2000.
Pursuant to a congressional request, GAO reviewed the United States Capitol Police's (USCP) fiscal year (FY) 1999 financial statement audit, focusing on USCP's: (1) effectiveness of the safeguarding, compliance, and financial reporting controls; (2) compliance with selected provisions of laws and regulations; (3) receipt and use of FY 1999 appropriated funds as reflected in a statement of receipts...