Author: Gary Engel
Publisher: DIANE Publishing
Keywords: financial, preparation, consolidated, statements, government, impact, control, audit, material, weaknesses, internal, continue
Number of Pages: 45
Published: 2009-11
ISBN-10: 143791683X
ISBN-13: 9781437916836

Since the 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 the work have prevented the auditor from expressing an opinion on the accrual basis CFS. Certain of those material weaknesses relate to inadequate systems, controls, and procedures to properly prepare the CFS. The purpose of this report is to: (1) provide details of the continuing material weaknesses related to the preparation of the CFS; (2) recommend improvements; and (3) provide the status of corrective ac

Author: Steven J. Sebastian
Publisher: DIANE Publishing
Keywords: financial, audits, related, management, reports, recommendations, revenue, service, status, internal
Number of Pages: 84
Published: 2005-09-01
ISBN-10: 1422301141
ISBN-13: 9781422301142

In its role as the nation's tax collector, the IRS has a demanding responsibility for collecting taxes, processing tax returns, & enforcing the nation's tax laws. Since the first audit of IRS's financial statements in FY 1992, a number of weaknesses in IRS's financial management operations have been identified. In related reports, corrective action has been recommended to address those weaknesses. Each year, as part of the annual audit of IRS's financial statements, recommendations have been made to address any new weaknesses identified, but also follows up on the status of weaknesses identifi

Author: Steven J. Sebastian
Publisher: DIANE Publishing
Keywords: financial, related, management, report, recommendations, audit, internal, service, status, gao, revenue
Number of Pages: 101
Published: 2009-02-01
ISBN-10: 143790761X
ISBN-13: 9781437907612

Since its first audit of IRSżs financial statements in FY 1992, GAO has identified a number of weaknesses in IRSżs financial mgmt. operations. In related reports, GAO has recommended corrective action to address those weaknesses. Each year, as part of the annual audit of IRSżs financial statements, GAO not only makes recommendations to address any new weaknesses identified but also follows up on the status of weaknesses GAO identified in previous yearsż audits. This report will: (1) assist IRS mgmt. in tracking the status of audit recommendations and actions needed to fully address them; a

Author: Rona Stillman
Publisher: DIANE Publishing
Keywords: technical, weaknesses, corrected, management, serious, service, modernization, customs
Number of Pages: 82
Published: 1999-02-01
ISBN-10: 0788188356
ISBN-13: 9780788188350

Reviews the Customs Service's (CS) management of the Automated Commercial Environment (ACE), including whether CS has adequately justified ACE cost-effectiveness. CS plans to spend over $1 billion on ACE, which will support modernized import processing. CS is not managing ACE effectively & it does not have a firm basis for concluding that ACE is cost-effective. Makes recommendations for strengthening the management & technical weaknesses it has identified. Serious weaknesses relating to architectural deficiencies, investigative management, & software development & acquisition were found that m

Author: Susan S. Westin
Publisher: DIANE Publishing
Keywords: weaknesses, branches, audit, control, banks, internal, foreign
Number of Pages: 74
Published: 1998-06
ISBN-10: 0788170376
ISBN-13: 9780788170379

As of December 1996, there were 498 foreign banking organization branches in the U.S. with total assets of $821 billion. The Federal Reserve is responsible for overseeing these U.S. operations. This report provides information on internal control & audit weaknesses at U.S. branches & agencies of foreign banks. Discusses U.S. supervisors' expectations for internal controls & audits, the number of such weaknesses found by U.S. supervisors at fair or lower rated U.S. branches & agencies, & the U.S. supervisors' efforts to improve internal controls & audits at these institutions. Charts & tables.

Author: David M. Walker (au)
Publisher: DIANE Publishing
Keywords: financial, continues, need, improvement, government, consolidated, audit, process, preparing, statements
Number of Pages: 78
Published: 2005-09-01
ISBN-10: 1422301133
ISBN-13: 9781422301135

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

Author: Gary T. Engel
Publisher: DIANE Publishing
Keywords: financial, used, prepare, consolidated, government, statements, processes, over, audit, material, weaknesses, internal, control
Number of Pages: 50
Published: 2009-02-01
ISBN-10: 1437906788
ISBN-13: 9781437906783

For the past 11 years, since the first audit of the consolidated financial statements of the U.S. Govżt. (CFS), certain material weaknesses in internal control and in selected accounting and financial reporting practices have prevented the auditor from expressing an opinion on the CFS. The U.S. Govżt. did not have adequate systems, controls, and procedures to properly prepare the CFS. The purpose of this report is to: (1) provide details of continuing material weaknesses; (2) recommend improvements; and (3) provide the status of corrective actions taken to address the previous 81 recommendat