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Tag Archives: internal control

GAO: Agencies Continue to Face Financial Reporting, Management Challenges

A Government Accountability Office report says unaddressed weaknesses in federal internal controls over financial reporting have prevented the agency from giving an opinion on the government’s annual financial statement. GAO said Wednesday it observed that the government is still unable to adequately reconcile many intragovernmental transactions and balances among agencies and that financial management challenges continue to plague …

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GAO: Pentagon’s Automated IT Program Reporting Needs Improvement

The Government Accountability Office has called on the Defense Department to implement corrective actions for reporting of critical changes related to schedule, cost or system performance goals of DoD’s major automated information system programs. GAO said Wednesday it evaluated 18 MAIS acquisition efforts at the department that experienced a critical program change and found that …

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GAO Report Identifies ‘Deficiencies’ in IRS Financial System Management Strategy

A Government Accountability Office reports the Internal Revenue Service has “continuing and new deficiencies” in IRS’ internal control of its financial reporting systems. GAO said Thursday it examined financial statements filed by IRS for fiscal years 2014 and 2015 and found that the systems cannot differentiate taxes receivable, writeoffs and compliance assessments. …

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