Download or read book 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 written by Gene L. Dodaro and published by DIANE Publishing. This book was released on 2008-10 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Federal Financial Statements for Fiscal Year 2007 written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Government Management, Organization, and Procurement and published by . This book was released on 2009 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Financial Statements for Fiscal Year 2007 written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2018-01-12 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federal financial statements for fiscal year 2007 : fiscal outlook, management weaknesses and consequences : hearing before the Subcommittee on Government Management, Organization, and Procurement of the Committee on Oversight and Government Reform, House of Representatives, One Hundred Tenth Congress, second session, June 5, 2008.
Download or read book Financial Report of the United States Government written by and published by . This book was released on with total page 938 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Financial Statements for Fiscal Year 2007 written by United States House of Representatives and published by . This book was released on 2019-09-22 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federal financial statements for fiscal year 2007: fiscal outlook, management weaknesses and consequences: hearing before the Subcommittee on Government Management, Organization, and Procurement of the Committee on Oversight and Government Reform, House of Representatives, One Hundred Tenth Congress, second session, June 5, 2008.
Download or read book Federal Financial Statements for Fiscal Year 2007 written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Government Management, Organization, and Procurement and published by . This book was released on 2009 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal financial statements for fiscal year 2006 written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Government Management, Organization, and Procurement and published by . This book was released on 2007 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fiscal Year 2007 U s Government Financial Statements written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-14 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : testimony before the Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security, Committee on Homeland Security and Governmen
Download or read book Understanding the Primary Components of the Annual Financial Report of the United States Covernment written by United States Government Accountability and published by CreateSpace. This book was released on 2015-05-07 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. government is the largest, most diverse, most complex, and arguably the most important entity on earth today. Useful, timely, and reliable financial and performance information is needed to make sound decisions on the current results and future direction of vital federal programs and policies. The Department of the Treasury (Treasury), in coordination with the Office of Management and Budget, annually prepares the Financial Report of the United States Government, hereafter referred to as the Consolidated Financial Report (CFR). The CFR is a general-purpose report of accountability intended internally for members of Congress, federal executives and federal program managers, and externally primarily for citizens and citizen intermediaries who are interested in and have a reasonable understanding of federal government activities and are willing to study the information with reasonable diligence. Citizen intermediaries include members of the news media, analysts, and others who analyze and interpret, for the general public, the more complex and detailed information in the CFR. The goal of the CFR, and the subject of this guide, is to make available to every American a comprehensive overview of the federal government's finances. As described in the CFR, significant issues regarding the reliability and presentation of the federal government's financial information still need to be addressed. For example, several long-standing material weaknesses and other scope limitations have prevented GAO from being able to express any opinion on the federal government's consolidated financial statements, except for the Statement of Social Insurance. GAO expressed an unqualified opinion on the fiscal year 2008 and 2007 Statements of Social Insurance. Also, additional transparency is needed in connection with intragovernmental debt and the large and growing intergenerational burden associated with the federal government's projected growth in costs and debt. At the same time, in its current form, the CFR offers certain valuable insights into the overall financial operations, condition, and financial outlook of the federal government. GAO prepared this guide to the CFR to help those who seek to gain a baseline understanding of the significant information provided in the primary components that make up the CFR, especially the financial statements. This guide explains the purpose of each CFR component and provides illustrative financial information using actual fiscal year 2008 and 2007 data to focus readers on the kinds of significant information found in the various parts of the CFR. Because the illustrative financial information contained in this guide minimizes detail in order to highlight significant line items, it does not show or explain all of the items included in the federal government's actual CFR. This guide is not intended to help people who are interested in understanding the components of the financial statements of individual federal agencies as their form or content may vary from that of the CFR. Because this guide uses illustrative examples from the fiscal year 2008 CFR, significant financial transactions related to recent government actions to address the economic crisis that occurred in fiscal year 2009, such as the American Recovery and Reinvestment Act, are not included in this guide.
Download or read book Financial Audit written by Gary T. Engel and published by DIANE Publishing. This book was released on 2009-02 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the past 11 years, since the first audit of the consolidated financial statements of the U.S. Gov¿t. (CFS), certain material weaknesses in internal control and in selected accounting and financial reporting practices have prevented the auditor from expressing an opinion on the CFS. The U.S. Gov¿t. did not have adequate systems, controls, and procedures to properly prepare the CFS. The purpose of this report is to: (1) provide details of continuing material weaknesses; (2) recommend improvements; and (3) provide the status of corrective actions taken to address the previous 81 recommendations related to the preparation of the CFS. Includes 10 new recommendations. Charts and tables.
Download or read book United States written by United States. Department of Defense and published by . This book was released on 2007 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Department of Defense (DoD) Fiscal Year (FY) 2007 Agency Financial Report (AFR) provides the President, the Congress, other Federal departments and agencies, and the American public an overview of the Department's financial condition. The AFR is similar to the private sector's annual report to stockholders. The AFR covers the 12-month period ending September 30, 2007 in the following sections: Section 1: Management's Discussion and Analysis is a high-level summary of the Department's financial information for FY 2007. It describes the Department's mission and organizational structure; includes financial highlights and a statement of limitations on the financial statements; and provides management assurances over internal control. Section 2: Financial Information includes a message from the Chief Financial Officer, the DoD Inspector General Auditor's Report and opinion, and the Department's principal financial statements and notes, required supplementary stewardship information and required supplementary information. Section 3: Other Accompanying Information includes the Inspector General's Summary of Management and Performance Challenges and Management's Responses, Summary of the Financial Statement Audit and Management Assurances, and Improper Payment Information Act Reporting Details. Appendix includes a glossary and a list of internet links for more detailed information about topics discussed in this report.
Download or read book Fiscal Year 2007 U S Government Financial Statements written by Gene L. Dodaro and published by . This book was released on 2008 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fiscal Year 2008 U S Gov T Financial Statements Federal Gov T Faces New and Continuing Financial Management and Fiscal Challenges written by Gene L. Dodaro and published by DIANE Publishing. This book was released on 2010 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Financial Audit written by Christopher Cox and published by DIANE Publishing. This book was released on 2009-05 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Established in 1934 to enforce the securities laws and protect investors, the Securities and Exchange Commission (SEC) plays an important role in maintaining the integrity of the U.S. securities markets. SEC is required to prepare and submit to Congress and the Office of Management and Budget audited financial statements. This report is an audit of SEC's financial statements. The audit determined whether, in all material respects: (1) SEC's fiscal year 2008 financial statements were reliable; and (2) SEC's management maintained effective internal control over financial reporting and compliance with laws and regulations. The auditor also tested SEC's compliance with selected laws and regulations. Charts and tables.
Download or read book Department of Defense Agency Financial Report Fiscal Year 2007 written by and published by . This book was released on 2007 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Department of Defense (DoD) Fiscal Year (FY) 2007 Agency Financial Report (AFR) provides the President, the Congress, other Federal departments and agencies, and the American public an overview of the Department's financial condition. The AFR is similar to the private sector's annual report to stockholders. The AFR covers the 12-month period ending September 30, 2007 in the following sections: Section 1: Management's Discussion and Analysis is a high-level summary of the Department's financial information for FY 2007. It describes the Department's mission and organizational structure; includes financial highlights and a statement of limitations on the financial statements; and provides management assurances over internal control. Section 2: Financial Information includes a message from the Chief Financial Officer, the DoD Inspector General Auditor's Report and opinion, and the Department's principal financial statements and notes, required supplementary stewardship information and required supplementary information. Section 3: Other Accompanying Information includes the Inspector General's Summary of Management and Performance Challenges and Management's Responses, Summary of the Financial Statement Audit and Management Assurances, and Improper Payment Information Act Reporting Details. Appendix includes a glossary and a list of internet links for more detailed information about topics discussed in this report.
Download or read book Financial Audit Bureau of the Public Debt s Fiscal Years 2007 and 2006 Schedules of Federal Debt written by and published by DIANE Publishing. This book was released on 2007 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Consolidated Financial Statements of the United States Government written by and published by . This book was released on 1996 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
