Financial Management : Serious Deficiencies in State's Financial Systems Require Sustained Attention
Author: United States. General Accounting Office
Publisher:
Published: 1992
Total Pages: 44
ISBN-13:
DOWNLOAD EBOOK →Author: United States. General Accounting Office
Publisher:
Published: 1992
Total Pages: 44
ISBN-13:
DOWNLOAD EBOOK →Author: United States. General Accounting Office
Publisher:
Published:
Total Pages:
ISBN-13:
DOWNLOAD EBOOK →Author: U S Government Accountability Office (G
Publisher: BiblioGov
Published: 2013-07
Total Pages: 48
ISBN-13: 9781289249946
DOWNLOAD EBOOK →GAO reviewed the Department of State's accounting and financial management operations and systems, focusing on: (1) major weaknesses; (2) State's efforts to correct known problems; and (3) actions that could improve the usefulness and relevance of State's financial reports. GAO found that State: (1) lacked a centralized management entity to control financial operations, which led to duplication and cost inefficiencies; (2) consolidated many financial operations under the Chief Financial Officer (CFO); (3) planned to delegate control of overseas posts' financial management operations to various bureaus that would operate under CFO-directed policies; (4) lacked fully qualified and trained financial management personnel and planned to supplement existing staff with trained specialists, provide training exercises and experience to personnel, and increase supervision; (5) financial systems lacked the capacity to handle all transactions, and in some cases were obsolete; (6) planned to standardize and integrate its primary and subsidiary accounting systems so that all data would be processed uniformly and validated based on standard criteria; and (7) developed a reasonable strategy to improve its financial operations and systems, which included faster online response time, streamlined processing capabilities, and better system linkages. GAO also found that: (1) State's accounting systems did not provide a fully functional general ledger to support its financial statements, analysis, and oversight of financial operations; (2) managers did not receive adequate information on real property, personal property, and foreign nationals' benefits to monitor their programs properly; and (3) State's strategy for improving financial operations did not address its financial systems' ability to provide managers with needed financial information as required by regulations.
Author: United States Government Accountability Office
Publisher: Createspace Independent Publishing Platform
Published: 2018-01-31
Total Pages: 74
ISBN-13: 9781984389695
DOWNLOAD EBOOK →GAO-06-970 Financial Management: Improvements Under Way but Serious Financial Systems Problems Persist
Author: United States. General Accounting Office
Publisher:
Published: 1989
Total Pages: 132
ISBN-13:
DOWNLOAD EBOOK →Author: U S Government Accountability Office (G
Publisher: BiblioGov
Published: 2013-07
Total Pages: 78
ISBN-13: 9781289167561
DOWNLOAD EBOOK →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.
Author: United States. Government Accountability Office
Publisher:
Published: 2006
Total Pages: 69
ISBN-13:
DOWNLOAD EBOOK →Author: United States Government Accountability Office
Publisher:
Published: 2006
Total Pages:
ISBN-13:
DOWNLOAD EBOOK →