Federal Land Management: Comments on Selected Provisions of S. 1320--A Bill to Revise Federal Land Management Planning (open access)

Federal Land Management: Comments on Selected Provisions of S. 1320--A Bill to Revise Federal Land Management Planning

Testimony issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO discussed the planning-related provisions of titles I and II of S. 1320--the Public Lands Planning and Management Improvement Act of 1999, focusing on the: (1) statutory basis for the Forest Service's mission priorities; (2) clarity of the mission statement in S. 1320; and (3) extent to which the bill addresses identified planning deficiencies."
Date: July 22, 1999
Creator: United States. General Accounting Office.
System: The UNT Digital Library
IRS Management: Formidable Challenges Confront IRS as It Attempts to Modernize (open access)

IRS Management: Formidable Challenges Confront IRS as It Attempts to Modernize

Testimony issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO discussed the Internal Revenue Service's (IRS) efforts to implement the IRS Restructuring and Reform Act of 1998, focusing on IRS': (1) reorganization processes; (2) performance management system; and (3) systems modernization efforts."
Date: July 22, 1999
Creator: United States. General Accounting Office.
System: The UNT Digital Library
Illegal Aliens: Fraudulent Documents Undermining the Effectiveness of the Employment Verification System (open access)

Illegal Aliens: Fraudulent Documents Undermining the Effectiveness of the Employment Verification System

Testimony issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO discussed the impact of fraudulent documents on the effectiveness of the employment verification system established by the Immigration Reform and Control Act of 1986 and efforts to reduce such fraudulent use."
Date: July 22, 1999
Creator: United States. General Accounting Office.
System: The UNT Digital Library
VA Health Care: Challenges Facing VA in Developing an Asset Realignment Process (open access)

VA Health Care: Challenges Facing VA in Developing an Asset Realignment Process

Testimony issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO discussed the utilization of health care assets owned by the Department of Veterans' Affairs and operated by the Veterans Health Administration (VHA), focusing on: (1) VHA's hospital utilization; and (2) efforts to implement an asset realignment process."
Date: July 22, 1999
Creator: United States. General Accounting Office.
System: The UNT Digital Library
VA and DOD Health Care: Factors Contributing to Reduced Pharmacy Costs and Continuing Challenges (open access)

VA and DOD Health Care: Factors Contributing to Reduced Pharmacy Costs and Continuing Challenges

Testimony issued by the General Accounting Office with an abstract that begins "The Department of Veterans Affairs (VA) and the Department of Defense (DOD) pharmacy expenditures have risen significantly, reflecting national trends. The increase in pharmacy costs would have been even greater if not for the efforts taken by VA and DOD. GAO identified four important factors that have contributed to reduced pharmacy spending by VA and DOD. First, the two departments have used formularies to encourage the substitution of a lower-cost drug that is determined to be just as effective as a higher-cost drug. Second, VA and DOD have been able to effectively employ different arrangements to pay for or purchase prescription drugs at substantial discounts. Third, VA has significantly reduced the cost of dispensing prescription refills by using highly automated and less expensive consolidated mail outpatient pharmacy (CMOP) centers to handle a majority of the pharmacy workload instead of VA hospital and clinic pharmacies. Fourth, VA and DOD have reduced costs by leveraging their combined purchasing power by jointly buying prescription drugs. Nevertheless, one of the most important challenges is the joint procurement of brand name drugs. Although brand name drugs account for the bulk of prescription drug …
Date: July 22, 2002
Creator: United States. General Accounting Office.
System: The UNT Digital Library
Medicare Reform: Observations on the President's July 1999 Proposal (open access)

Medicare Reform: Observations on the President's July 1999 Proposal

Testimony issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO discussed the President's recent proposal to reform Medicare."
Date: July 22, 1999
Creator: United States. General Accounting Office.
System: The UNT Digital Library
Department of Energy: Uncertain Future for External Regulation of Worker and Nuclear Facility Safety (open access)

Department of Energy: Uncertain Future for External Regulation of Worker and Nuclear Facility Safety

Testimony issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO discussed the Department of Energy's (DOE) progress toward the external regulation of nuclear and worker safety at its facilities, focusing on: (1) DOE's changing positions on the desirability of external regulation for its facilities; (2) the disagreement between DOE and the Nuclear Regulatory Commission (NRC) on the potential costs and value added of external regulation; and (3) the uncertainties for the future of external regulation in DOE."
Date: July 22, 1999
Creator: United States. General Accounting Office.
System: The UNT Digital Library
Direct-To-Consumer Genetic Tests: Misleading Test Results Are Further Complicated by Deceptive Marketing and Other Questionable Practices (open access)

Direct-To-Consumer Genetic Tests: Misleading Test Results Are Further Complicated by Deceptive Marketing and Other Questionable Practices

Testimony issued by the Government Accountability Office with an abstract that begins "In 2006, GAO investigated companies selling direct-to-consumer (DTC) genetic tests and testified that these companies made medically unproven disease predictions. Although new companies have since been touted as being more reputable--Time named one company's test 2008's "invention of the year"--experts remain concerned that the test results mislead consumers. GAO was asked to investigate DTC genetic tests currently on the market and the advertising methods used to sell these tests. GAO purchased 10 tests each from four companies, for $299 to $999 per test. GAO then selected five donors and sent two DNA samples from each donor to each company: one using factual information about the donor and one using fictitious information, such as incorrect age and race or ethnicity. After comparing risk predictions that the donors received for 15 diseases, GAO made undercover calls to the companies seeking health advice. GAO did not conduct a scientific study but instead documented observations that could be made by any consumer. To assess whether the tests provided any medically useful information, GAO consulted with genetics experts. GAO also interviewed representatives from each company. To investigate advertising methods, GAO made undercover contact …
Date: July 22, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Securities Markets: Preliminary Observations on the Use of Subpenny Pricing (open access)

Securities Markets: Preliminary Observations on the Use of Subpenny Pricing

Testimony issued by the Government Accountability Office with an abstract that begins "In 2001, U.S. stock and options markets, which had previously quoted prices in fractions, began quoting in decimals. Since then, various positive and negative effects have been attributed to the transition to decimal pricing. As part of this transition, the major stock markets chose one penny ($.01) as the minimum price variation for quoting prices for orders to buy or sell. However, some electronic trading systems allowed their customers to quote in increments of less than a penny (such as $.001). The use of subpenny prices for securities trades has proved controversial and the Securities and Exchange Commission (SEC) has proposed a ban against subpenny quoting for stocks priced above one dollar across all U.S. markets. As part of ongoing work that examines a range of issues relating to decimal pricing, GAO reviewed (1) how widely subpenny prices are used and by whom, (2) the advantages and disadvantages of subpenny pricing cited by market participants, and (3) market participants' reactions to SEC's proposed ban."
Date: July 22, 2004
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Transportation Programs: Opportunities for Oversight and Improved Use of Taxpayer Funds (open access)

Transportation Programs: Opportunities for Oversight and Improved Use of Taxpayer Funds

Testimony issued by the General Accounting Office with an abstract that begins "It is important to ensure that longterm spending on transportation programs meets the goals of increasing mobility and improving transportation safety. In this testimony, GAO discusses what recently completed work on four transportation programs suggests about challenges and strategies for improving the oversight and use of taxpayer funds. These four programs are (1) the federal-aid highway program, administered by the Federal Highway Administration (FHWA); (2) highway safety programs, administered by the National Highway Traffic Safety Administration (NHTSA); (3) the New Starts program, administered by the Federal Transit Administration (FTA); and (4) the Essential Air Service (EAS) program, administered out of the Office of the Secretary of Transportation. Differences in the structure of these programs have contributed to the challenges they illustrate. The federal-aid highway program uses formulas to apportion funds to the states, the highway safety programs use formulas and grants, the New Starts program uses competitive grants, and the EAS program provides subsidies. For each program, GAO describes in general how the program illustrates a particular challenge in managing or overseeing long-term spending and in particular what challenges and strategies for addressing the challenges GAO and others …
Date: July 22, 2003
Creator: United States. General Accounting Office.
System: The UNT Digital Library
Education and Care: Head Start Key Among Array of Early Childhood Programs, but National Research on Effectiveness Not Completed (open access)

Education and Care: Head Start Key Among Array of Early Childhood Programs, but National Research on Effectiveness Not Completed

Testimony issued by the General Accounting Office with an abstract that begins "The federal government invests over $11 billion in early childhood education and care programs. These programs exist to ensure that children from low-income families are better prepared to enter school and that their parents have access to early childhood education and care that allow them to obtain and maintain employment. The federal government invests more in Head Start, which was funded at $6.5 billion in fiscal year 2002, than any other early childhood education and care program. Head Start has served over 21 million children at a total cost of $66 billion since it began. The Chairman, Senate Committee on Health, Education, Labor, and Pensions asked GAO to discuss Head Start--how it fits within the array of early childhood education and care programs available to low-income children and their families and what is known about its effectiveness."
Date: July 22, 2003
Creator: United States. General Accounting Office.
System: The UNT Digital Library
Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues (open access)

Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues

Testimony issued by the Government Accountability Office with an abstract that begins "This testimony discusses our work on the Troubled Asset Relief Program (TARP), under which the Department of the Treasury (Treasury), through the Office of Financial Stability (OFS), has the authority to purchase and insure almost $700 billion in troubled assets held by financial institutions. Treasury was granted this authority in response to the financial crisis that has threatened the stability of the U.S. banking system and the solvency of numerous financial institutions. The Emergency Economic Stabilization Act (the act) that authorized TARP on October 3, 2008, requires GAO to report at least every 60 days on findings resulting from our oversight of the status of actions taken under the program. This statement today is based on our fifth mandated report, issued on June 17, 2009, which follows up on the previous recommendations and covers the actions taken as part of TARP through June 12, 2009. Our oversight work under the act is ongoing, and our next report will be issued later this month, and will focus on TARP's loan modification program. Specifically, this statement focuses on (1) the nature and purpose of activities that have been initiated under …
Date: July 22, 2009
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Information Management: Challenges In Federal Agencies' Use of Web 2.0 Technologies (open access)

Information Management: Challenges In Federal Agencies' Use of Web 2.0 Technologies

Testimony issued by the Government Accountability Office with an abstract that begins ""Web 2.0" technologies--such as Web logs ("blogs"), social networking Web sites, video- and multimedia-sharing sites, and "wikis"--are increasingly being utilized by federal agencies to communicate with the public. These tools have the potential to, among other things, better include the public in the governing process. However, agency use of these technologies can present risks associated with properly managing and protecting government records and sensitive information, including personally identifiable information. In light of the rapidly increasing popularity of Web 2.0 technologies, GAO was asked to identify and describe current uses of Web 2.0 technologies by federal agencies and key challenges associated with their use. To accomplish this, GAO analyzed federal policies, reports, and guidance related to the use of Web 2.0 technologies and interviewed officials at selected federal agencies, including the Department of Homeland Security, the General Services Administration, and the National Archives and Records Administration."
Date: July 22, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Alien Smuggling: DHS Could Better Address Alien Smuggling along the Southwest Border by Leveraging Investigative Resources and Measuring Program Performance (open access)

Alien Smuggling: DHS Could Better Address Alien Smuggling along the Southwest Border by Leveraging Investigative Resources and Measuring Program Performance

Testimony issued by the Government Accountability Office with an abstract that begins "This testimony discusses federal efforts to address alien smuggling along the southwest border. Alien smuggling along the southwest border is an increasing threat to the security of the United States and Mexico as well as to the safety of both law enforcement and smuggled aliens. One reason for this increased threat is the involvement of drug trafficking organizations in alien smuggling. According to the National Drug Intelligence Center's (NDIC) 2008 National Drug Threat Assessment, the southwest border region is the principal entry point for smuggled aliens from Mexico, Central America, and South America. Aliens from countries of special interest to the United States such as Afghanistan, Iran, Iraq, and Pakistan (known as special-interest aliens) also illegally enter the United States through the region. According to the NDIC assessment, Mexican drug trafficking organizations have become increasingly involved in alien smuggling. These organizations collect fees from alien smuggling organizations for the use of specific smuggling routes, and available reporting indicates that some Mexican drug trafficking organizations specialize in smuggling special-interest aliens into the United States. As a result, these organizations now have alien smuggling as an additional source of funding …
Date: July 22, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
VA Health Care: More Outpatient Rehabilitation Services for Blind Veterans Could Better Meet Their Needs (open access)

VA Health Care: More Outpatient Rehabilitation Services for Blind Veterans Could Better Meet Their Needs

Testimony issued by the Government Accountability Office with an abstract that begins "In fiscal year 2003, the Department of Veterans Affairs (VA) estimated that about 157,000 veterans were legally blind, and about 44,000 of these veterans were enrolled in VA health care. The Chairman of the Subcommittee on Health, House Veterans' Affairs Committee, and the Ranking Minority Member, Senate Veterans' Affairs Committee expressed concerns about VA's rehabilitation services for blind veterans. GAO reviewed (1) the availability of VA outpatient blind rehabilitation services, (2) whether legally blind veterans benefit from VA and non-VA outpatient services, and (3) what factors affect VA's ability to increase veterans' access to blind rehabilitation outpatient services. GAO reviewed VA's blind rehabilitation policies; interviewed officials from VA, the Blinded Veterans Association, state and private nonprofit agencies, and visited five Blind Rehabilitation Centers (BRC)."
Date: July 22, 2004
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Human Capital: Selected Agencies Have Implemented Key Features of Their Senior Executive Performance-Based Pay Systems, but Refinements Are Needed (open access)

Human Capital: Selected Agencies Have Implemented Key Features of Their Senior Executive Performance-Based Pay Systems, but Refinements Are Needed

Testimony issued by the Government Accountability Office with an abstract that begins "In 2003, Congress and the administration established a performance-based pay system for Senior Executive Service (SES) members that requires a link between individual and organizational performance and pay. Specifically, agencies are allowed to raise SES pay caps if their systems are certified by the Office of Personnel Management (OPM) with concurrence by the Office of Management and Budget (OMB) as meeting specified criteria. GAO was asked to testify on preliminary results of ongoing work analyzing selected executive branch agencies' policies and procedures for their SES performance-based pay systems in the following areas: (1) factoring organizational performance into senior executive performance appraisal decisions, (2) making meaningful distinctions in senior executive performance, and (3) building safeguards into senior executive performance appraisal and pay systems. GAO selected the U.S. Departments of Defense (DOD), Energy (DOE), State, and the Treasury; the U.S. Nuclear Regulatory Commission (NRC); and the United States Agency for International Development (USAID) based on variations in agency mission, organizational structure, and size of their career SES workforces. To date, GAO has analyzed agencies' SES performance management policies and guidance and analyzed aggregate SES performance appraisal data as provided by …
Date: July 22, 2008
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Prescription Drugs: Preliminary Observations on Efforts to Enforce the Prohibitions on Personal Importation (open access)

Prescription Drugs: Preliminary Observations on Efforts to Enforce the Prohibitions on Personal Importation

Testimony issued by the Government Accountability Office with an abstract that begins "American consumers are increasingly drawn to the convenience, privacy, and cost advantages that might be accrued by purchasing prescription drugs over the Internet. However, there is growing concern about the safety of the drugs and the lawfulness of shipping the drugs into the United States through international mail and private carriers. Under current law, the importation of prescription drugs for personal use is illegal, with few exceptions. All prescription drugs offered for import must meet the requirements of the Federal Food, Drug, and Cosmetic Act, and those that are controlled substances also must meet the requirements of the Controlled Substances Import and Export Act. According to the agencies responsible for enforcing these laws, prescription drugs imported for personal use generally do not meet these requirements. The Department of Homeland Security's U.S. Customs and Border Protection (CBP) and the Department of Health and Human Service's Food and Drug Administration (FDA) are responsible for inspecting and interdicting unapproved prescription drugs that are being illegally imported via the U.S. mail or private carrier. This testimony reflects our preliminary observations from ongoing work to assess federal efforts to enforce the prohibitions on …
Date: July 22, 2004
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Oil and Gas Management: Past Work Offers Insights to Consider in Restructuring Interior's Oversight (open access)

Oil and Gas Management: Past Work Offers Insights to Consider in Restructuring Interior's Oversight

Testimony issued by the Government Accountability Office with an abstract that begins "The catastrophic oil spill in the Gulf of Mexico has drawn attention to the exploration and production of oil and gas from leases on federal lands and waters. The Department of the Interior oversees oil and gas activities on federal lands and waters. Onshore, the Bureau of Land Management (BLM) has oversight responsibilities. Offshore, the newly created Bureau of Ocean Energy Management, Regulation, and Enforcement (BOEMRE), has oversight responsibilities. Prior to BOEMRE, the Minerals Management Service's (MMS) Offshore Energy and Minerals Management oversaw offshore oil and gas activities, while MMS's Minerals Revenue Management collected revenues from oil and gas produced. For the purposes of our testimony today, we present our findings in accordance with Interior's organizational structure prior to establishing BOEMRE. Over the past 5 years, GAO has issued numerous recommendations to the Secretary of the Interior to improve the agency's management of oil and gas resources--most recently in two reports issued in March 2010. Overall, GAO's work in this area can be useful in evaluating potential strategies for reorganizing and improving oil and gas management at Interior. Specifically, GAO's work can assist the Secretary and Congress as …
Date: July 22, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Drinking Water: Safeguarding the District of Columbia's Supplies and Applying Lessons Learned to Other Systems (open access)

Drinking Water: Safeguarding the District of Columbia's Supplies and Applying Lessons Learned to Other Systems

Testimony issued by the Government Accountability Office with an abstract that begins "Concerns have been raised about lead in District of Columbia drinking water and how those charged with ensuring the safety of this water have carried out their responsibilities. The 1991 Lead and Copper Rule (LCR) requires water systems to protect drinking water from lead by, among other things, chemically treating it to reduce its corrosiveness and by monitoring tap water samples for evidence of lead corrosion. If enough samples show corrosion, water systems officials are required to notify and educate the public on lead health risks and undertake additional efforts. The Washington Aqueduct, owned and operated by the U.S. Army Corps of Engineers, treats and sells water to the District of Columbia Water and Sewer Authority (WASA), which delivers water to D.C. residents. EPA's Philadelphia Office is charged with overseeing these agencies. GAO is examining (1) the current structure and level of coordination among key government entities that implement the Safe Drinking Water Act's regulations for lead in the District of Columbia, (2) how other drinking water systems conducted public notification and outreach, (3) the availability of data necessary to determine which adult and child populations are at …
Date: July 22, 2004
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Financial Audit: The Department of Veterans Affairs' Fiscal Year 2004 Management Representation Letter on Its Financial Statements (open access)

Financial Audit: The Department of Veterans Affairs' Fiscal Year 2004 Management Representation Letter on Its Financial Statements

Correspondence issued by the Government Accountability Office with an abstract that begins "The Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget (OMB), is required to annually prepare and submit audited financial statements of the U.S. government to the President and the Congress. We are required to audit these consolidated financial statements (CFS) and report on the results of our work. In connection with fulfilling our requirement to audit the fiscal year 2004 CFS, we evaluated the Department of the Treasury's (Treasury) financial reporting procedures and related internal control over the process for compiling the CFS, including the management representation letter provided us by Treasury and OMB. Written representation letters from management, required by U.S. generally accepted government auditing standards, ordinarily confirm oral representations given to the auditor, indicate and document the continuing appropriateness of those representations, and reduce the possibility of a misunderstanding between management and the auditor. The purpose of this report is to communicate our observations on the Department of Veterans Affairs' (VA) fiscal year 2004 management representation letter. Our objective is to help ensure that future management representation letters submitted by VA are sufficient to help support Treasury and …
Date: July 22, 2005
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Financial Audit: The Environmental Protection Agency's Fiscal Year 2004 Management Representation Letter on Its Financial Statements (open access)

Financial Audit: The Environmental Protection Agency's Fiscal Year 2004 Management Representation Letter on Its Financial Statements

Correspondence issued by the Government Accountability Office with an abstract that begins "The Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget (OMB), is required to annually prepare and submit audited financial statements of the U.S. government to the President and the Congress. We are required to audit these consolidated financial statements (CFS) and report on the results of our work. In connection with fulfilling our requirement to audit the fiscal year 2004 CFS, we evaluated the Department of the Treasury's (Treasury) financial reporting procedures and related internal control over the process for compiling the CFS, including the management representation letter provided us by Treasury and OMB. Written representation letters from management, required by U.S. generally accepted government auditing standards, ordinarily confirm oral representations given to the auditor, indicate and document the continuing appropriateness of those representations, and reduce the possibility of a misunderstanding between management and the auditor. The purpose of this report is to communicate our observations on the Environmental Protection Agency's (EPA) fiscal year 2004 management representation letter. Our objective is to help ensure that future management representation letters submitted by EPA are sufficient to help support Treasury and OMB's …
Date: July 22, 2005
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Financial Audit: The United States Agency for International Development's Fiscal Year 2004 Management Representation Letter on Its Financial Statements (open access)

Financial Audit: The United States Agency for International Development's Fiscal Year 2004 Management Representation Letter on Its Financial Statements

Correspondence issued by the Government Accountability Office with an abstract that begins "The Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget (OMB), is required to annually prepare and submit audited financial statements of the U.S. government to the President and the Congress. We are required to audit these consolidated financial statements (CFS) and report on the results of our work. In connection with fulfilling our requirement to audit the fiscal year 2004 CFS, we evaluated the Department of the Treasury's (Treasury) financial reporting procedures and related internal control over the process for compiling the CFS, including the management representation letter provided us by Treasury and OMB. Written representation letters from management, required by U.S. generally accepted government auditing standards, ordinarily confirm oral representations given to the auditor, indicate and document the continuing appropriateness of those representations, and reduce the possibility of a misunderstanding between management and the auditor. The purpose of this report is to communicate our observations on the United States Agency for International Development's (USAID) fiscal year 2004 management representation letter. Our objective is to help ensure that future management representation letters submitted by USAID are sufficient to help support …
Date: July 22, 2005
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Financial Audit: The Federal Communications Commission's Fiscal Year 2004 Management Representation Letter on Its Financial Statements (open access)

Financial Audit: The Federal Communications Commission's Fiscal Year 2004 Management Representation Letter on Its Financial Statements

Correspondence issued by the Government Accountability Office with an abstract that begins "The Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget (OMB), is required to annually prepare and submit audited financial statements of the U.S. government to the President and the Congress. We are required to audit these consolidated financial statements (CFS) and report on the results of our work. In connection with fulfilling our requirement to audit the fiscal year 2004 CFS, we evaluated the Department of the Treasury's (Treasury) financial reporting procedures and related internal control over the process for compiling the CFS, including the management representation letter provided us by Treasury and OMB. Written representation letters from management, required by U.S. generally accepted government auditing standards, ordinarily confirm oral representations given to the auditor, indicate and document the continuing appropriateness of those representations, and reduce the possibility of a misunderstanding between management and the auditor. The purpose of this report is to communicate our observations on the Federal Communications Commission's (FCC) fiscal year 2004 management representation letter. Our objective is to help ensure that future management representation letters submitted by FCC are sufficient to help support Treasury and OMB's …
Date: July 22, 2005
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Financial Audit: The Pension Benefit Guaranty Corporation's Fiscal Year 2004 Management Representation Letter on Its Financial Statements (open access)

Financial Audit: The Pension Benefit Guaranty Corporation's Fiscal Year 2004 Management Representation Letter on Its Financial Statements

Correspondence issued by the Government Accountability Office with an abstract that begins "The Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget (OMB), is required to annually prepare and submit audited financial statements of the U.S. government to the President and the Congress. We are required to audit these consolidated financial statements (CFS) and report on the results of our work. In connection with fulfilling our requirement to audit the fiscal year 2004 CFS, we evaluated the Department of the Treasury's (Treasury) financial reporting procedures and related internal control over the process for compiling the CFS, including the management representation letter provided us by Treasury and OMB. Written representation letters from management, required by U.S. generally accepted government auditing standards, ordinarily confirm oral representations given to the auditor, indicate and document the continuing appropriateness of those representations, and reduce the possibility of a misunderstanding between management and the auditor. The purpose of this report is to communicate our observations on the Pension Benefit Guaranty Corporation's (PBGC) fiscal year 2004 management representation letter. Our objective is to help ensure that future management representation letters submitted by PBGC are sufficient to help support Treasury and …
Date: July 22, 2005
Creator: United States. Government Accountability Office.
System: The UNT Digital Library