Need To Improve Internal Controls Over Cash, Certain Inventories, and Accounts Payable

As part of an examination of the Government Printing Office's (GPO) financial statements, GAO tested the internal control systems for the accounting and safeguarding of cash, three inventories, and accounts payable. Inventories of paper, materials and supplies, and publications were tested through a review of policies and procedures, interviews, observation, and completed internal control questionaires. Weaknesses were identified in the internal control systems for each of the assets examined.