Fiscal Year 2008 U.S. Government Financial Statements

Fiscal Year 2008 U.S. Government Financial Statements PDF

Author: United States Government Accountability Office

Publisher: Createspace Independent Publishing Platform

Published: 2018-01-15

Total Pages: 34

ISBN-13: 9781983864933

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Fiscal Year 2008 U.S. Government Financial Statements: Federal Government Faces New and Continuing Financial Management and Fiscal Challenges

Fiscal Year 2008 U.s. Government Financial Statements

Fiscal Year 2008 U.s. Government Financial Statements PDF

Author: United States Government Accountability Office

Publisher: Createspace Independent Publishing Platform

Published: 2017-09-09

Total Pages: 34

ISBN-13: 9781976205613

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GAO annually audits the consolidated financial statements of the U.S. government (CFS). The Congress and the President need reliable, useful, and timely financial and performance information to make sound decisions and conduct effective oversight of federal government programs and policies. Except for the 2008 and 2007 Statements of Social Insurance, GAO has been unable to provide assurance on the reliability of the CFS due primarily to inadequate systems and lack of sufficient, reliable evidence to support certain material information in the CFS. Unless these weaknesses are adequately addressed, they will, among other things, (1) hamper the federal government's ability to reliably report a significant portion of its assets, liabilities, costs, and other related information; and (2) affect the federal government's ability to reliably measure the full cost as well as the financial and nonfinancial performance of certain programs and activities. This testimony presents the results of GAO's audit of the CFS for fiscal year 2008 and discusses federal financial management challenges and the long-term fiscal outlook.

Fiscal Year 2008 U. S. Gov'T. Financial Statements: Federal Gov'T. Faces New and Continuing Financial Management and Fiscal Challenges

Fiscal Year 2008 U. S. Gov'T. Financial Statements: Federal Gov'T. Faces New and Continuing Financial Management and Fiscal Challenges PDF

Author: Gene L. Dodaro

Publisher: DIANE Publishing

Published: 2010

Total Pages: 34

ISBN-13: 1437918972

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The consolidated financial statements of the U.S. gov¿t. (CFS) is audited each year. Except for the 2008 and 2007 Statements of Social Insurance, the auditor has been unable to provide assurance on the reliability of the CFS due primarily to inadequate systems and lack of sufficient, reliable evidence to support certain material information in the CFS. Unless these weaknesses are adequately addressed, they will, among other things: (1) hamper the fed. gov¿t's. ability to reliably report a significant portion of its assets, liabilities, costs, and other related information; and (2) affect the fed. gov¿t's. ability to measure the full cost as well as the financial and nonfinancial performance of certain programs and activities. Charts and tables.

Fiscal Year 2007 U. S. Government Financial Statements: Sustained Improvement in Financial Management Is Crucial to Improving Accountability and Addressing the Long-Term Fiscal Challenge

Fiscal Year 2007 U. S. Government Financial Statements: Sustained Improvement in Financial Management Is Crucial to Improving Accountability and Addressing the Long-Term Fiscal Challenge PDF

Author: Gene L. Dodaro

Publisher: DIANE Publishing

Published: 2008-10

Total Pages: 45

ISBN-13: 1437906265

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The Congress and the Pres. need to have reliable, useful and timely financial and performance info. to make sound decisions on the current and future direction of fed. gov¿t. programs and policies. Auditing agencies have been unable to provide assurance on the reliability of the consolidated financial statements of the U.S. gov¿t. due to certain material weaknesses in the fed. gov¿ts. internal control. Unless these weaknesses are addressed, they will: (1) hamper the fed. gov¿ts. ability to reliably report a significant portion of its assets, liabilities, costs, and other related info.; and (2) affect the fed. gov¿ts. ability to reliably measure the full cost as well as the financial and non-financial performance of certain programs and activities. Charts.

In the Red

In the Red PDF

Author: United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security

Publisher:

Published: 2009

Total Pages: 200

ISBN-13:

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