Financial audit : material weaknesses in internal control continue to impact preparation of the consolidated financial statements of the U.S. government : report to the Secretary of the Treasury and the Director of the Office of Management and Budget / United States Government Accountability Office.

Format:

Book

Author/Creator:

United States. Government Accountability Office, author, issuing body.

Language:

English

Subjects (All):

Auditing--United States.

Auditing.

Physical Description:

1 online resource (ii, 40 pages).

Other Title:

Financial Audit

Place of Publication:

Washington, D.C. : U.S. Government Accountability Office (GAO), [2009]

Summary:

Since GAO's 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 our work have prevented GAO 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 actions taken to address the 56 open recommendations GAO reported for this area in June 2008.

Notes:

Description based on publisher supplied metadata and other sources.