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Author: Gary T. Engel Publisher: DIANE Publishing ISBN: 1437986706 Category : Business & Economics Languages : en Pages : 34
Book Description
The Dept. of the Treasury, in coordination with the Office of Management and Budget, is primarily responsible for preparing the financial report of the U.S. government, which contains the consolidated financial statements of the U.S. government (CFS). As part of the FY 2010 CFS audit, the author identified material weaknesses and other control deficiencies in the processes used to prepare the CFS. This report: (1) provides details on new financial statement preparation control deficiencies identified during the audit of the FY 2010 CFS; (2) recommends improvements, and (3) provides the status of corrective actions taken to address recommendations that remained open at the end of the FY 2009 audit. This is a print on demand report.
Author: Gary T. Engel Publisher: DIANE Publishing ISBN: 1437986706 Category : Business & Economics Languages : en Pages : 34
Book Description
The Dept. of the Treasury, in coordination with the Office of Management and Budget, is primarily responsible for preparing the financial report of the U.S. government, which contains the consolidated financial statements of the U.S. government (CFS). As part of the FY 2010 CFS audit, the author identified material weaknesses and other control deficiencies in the processes used to prepare the CFS. This report: (1) provides details on new financial statement preparation control deficiencies identified during the audit of the FY 2010 CFS; (2) recommends improvements, and (3) provides the status of corrective actions taken to address recommendations that remained open at the end of the FY 2009 audit. This is a print on demand report.
Author: Us Government Accountability Office Publisher: CreateSpace ISBN: 9781491298664 Category : Reference Languages : en Pages : 40
Book Description
As part of our audit of the fiscal years 2011 and 2010 CFS, we considered the federal government's financial reporting procedures and related internal control. Also, we determined the status of corrective actions taken by Treasury and OMB to address open recommendations relating to the processes used to prepare the CFS detailed in our previous reports.
Author: U.s. Government Accountability Office Publisher: ISBN: 9781974241309 Category : Languages : en Pages : 40
Book Description
"Why GAO Did This StudyTreasury, in coordination with OMB, is primarily responsible for preparing the Financial Report, which contains the CFS. Since GAO's first audit of the fiscal year 1997 CFS, certain material weaknesses and other limitations on the scope of GAO's work have prevented GAO from expressing an opinion on the CFS, exclusive of the Statement of Social Insurance (SOSI). Also, GAO was unable to express opinions on the 2011 and 2010 SOSI and the 2011 Statement of Changes in Social Insurance Amounts because of significant uncertainties, primarily related to the achievement of projected reductions in Medicare cost growth, reflected in these statements.As part of the fiscal year 2011 CFS audit, GAO identified material weaknesses and other control deficiencies in the processes used to prepare the CFS. The purpose of this report is to (1) provide details on new control deficiencies GAO identified related to the preparation of the CFS, (2) recommend improvements, and (3) provide the status of corrective actions taken to address GAO's prior recommendations in this area that remained open at the end of the fiscal year 2010 audit.What GAO RecommendsGAO is making 10 recommendations -9 to Treasury and 1 to OMB-to address new control deficiencies. In commenting on GAO's draft report, Treasury and OMB generally concurred with GAO's findings."
Author: David M. Walker (au) Publisher: DIANE Publishing ISBN: 9781422301135 Category : Business & Economics Languages : en Pages : 78
Book Description
For the past 8 years, since the first audit of the consolidated financial statements of the U.S. gov't. (CFS), certain material weaknesses in internal control & in selected accounting & financial reporting practices have resulted in conditions that have prevented the GAO from expressing an opinion on the CFS. The U.S. gov't. does not have adequate systems, controls, & procedures to properly prepare the CFS. The purpose of this report is to: discuss the details of the weaknesses relating to the Treasury's preparation of the CFS; recommend improvements to address those weaknesses; & provide the status of corrective actions to address the 142 open recommendations previously reported. Includes 20 new recommendations. Charts & tables.
Author: United States Government Accountability Office Publisher: Createspace Independent Publishing Platform ISBN: 9781977513991 Category : Languages : en Pages : 30
Book Description
Treasury, in coordination with OMB, prepares the Financial Report of the United States Government, which contains the CFS. Since GAO's first audit of the fiscal year 1997 CFS, certain material weaknesses and other limitations on the scope of its work have prevented GAO from expressing an opinion on the accrual-based consolidated financial statements. As part of the fiscal year 2016 CFS audit, GAO identified material weaknesses and other control deficiencies in the processes used to prepare the CFS. The purpose of this report is to provide (1) details on new control deficiencies GAO identified related to the processes used to prepare the CFS, along with related recommendations, and (2) the status of corrective actions Treasury and OMB have taken to address GAO's prior recommendations relating to the processes used to prepare the CFS that remained open at the beginning of the fiscal year 2016 audit.
Author: U S Government Accountability Office (G Publisher: BiblioGov ISBN: 9781289151409 Category : Languages : en Pages : 42
Book Description
The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports. GAO is making 10 recommendations -9 to Treasury and 1 to OMB-to address new control deficiencies. In commenting on GAO's draft report, Treasury and OMB generally concurred with GAO's findings.
Author: U.s. Government Accountability Office Publisher: ISBN: 9781974497997 Category : Languages : en Pages : 32
Book Description
"Since GAO's first audit of the fiscal year 1997 consolidated financial statements of the U.S. government (CFS), material weaknesses in internal control and other limitations on the scope of GAO's work have prevented GAO from expressing an opinion on the consolidated financial statements, other than the Statement of Social Insurance (accrual-based consolidated financial statements). The Department of the Treasury (Treasury), in coordination with the Office of Management and Budget (OMB), is responsible for preparing the CFS. As part of the fiscal year 2009 CFS audit, GAO identified material weaknesses and other control deficiencies in Treasury's processes used to prepare the CFS that warrant management's attention and corrective action. The purpose of this report is to (1) provide details on new control deficiencies GAO identified during its audit of the fiscal year 2009 CFS that related to the preparation of the CFS, (2) recommend improvements, and (3) provide the status of corrective actions taken to address GAO's previous 44 recommendations in this area."
Author: United States Government Accountability Office Publisher: Createspace Independent Publishing Platform ISBN: 9781983807855 Category : Languages : en Pages : 32
Book Description
Management Report: Improvements Needed in Controls over the Preparation of the U.S. Consolidated Financial Statements
Author: Gary T. Engel
Author: Gary T. Engel
Author: Us Government Accountability Office
Author: U.s. Government Accountability Office
Author: David M. Walker (au)
Author: United States Government Accountability Office
Author: United States. Government Accountability Office
Author: U S Government Accountability Office (G
Author: U.s. Government Accountability Office
Author: United States. Government Accountability Office
Author: United States Government Accountability Office