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

[摘要] A letter report issued by the General Accounting Office with an abstract that begins "For the past 6 years, since GAO began auditing the consolidated financial statements of the U.S. government (CFS), GAO has been unable to express an opinion on them because of material weaknesses in internal control and financial reporting. Contributing to GAO's inability to express an opinion has been the federal government's lack of adequate systems, controls, and procedures to properly prepare its consolidated financial statements. The purpose of this report is to discuss in greater detail weaknesses in financial reporting procedures and internal control over the process for preparing the CFS that GAO identified and to recommend improvements to address those weaknesses."

[发布日期] 2003-10-30 [发布机构] United States. General Accounting Office.

[关键词] Government accountability -- United States.;auditing and financial management;financial audit;letter report