Process for Preparing the Consolidated Financial Statements of the U.S. Government Needs Improvement

By General Accounting Office

Book Id: WPLBN0000223785
Format Type: PDF eBook:
File Size: 0.1 MB
Reproduction Date: 2005

Title:	Process for Preparing the Consolidated Financial Statements of the U.S. Government Needs Improvement
Author:	General Accounting Office
Volume:
Language:	English
Subject:	Government publications, Accountability in government, United States. General Accounting Office
Collections:	Government Library Collection, Government Accountability Integrity Reliability Office Collection
Historic Publication Date:
Publisher:	United States General Accounting Office (Gao)


Citation APA MLA Chicago Accounting Office, B. G. (n.d.). Process for Preparing the Consolidated Financial Statements of the U.S. Government Needs Improvement. Retrieved from http://gutenberg.us/

Description
Government Accountability Integrity Reliability Office Collection

Excerpt
Excerpt: GAO found deficiencies in the compilation and reporting process in the following areas: controls over the compilation process, -- unreconciled transactions affecting the change in net position, -- reconciliation of intragovernmental activity and balances, -- elimination of intragovernmental activity and balances, -- reconciliation of net operating costs and unified budget surplus (or deficit), -- statements of changes in cash balance from unified budget and other activities, -- defining and documenting of the reporting entity, and -- conformity with U.S. generally accepted accounting principles.