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Government Operations: Examination of GSA's Fiscal Year 1985 Financial Statements

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Report Type Reports and Testimonies
Report Date June 11, 1986
Report No. AFMD-86-55
Subject
Summary:

Pursuant to a congressional request, GAO examined the General Services Administration's (GSA) fiscal year (FY) 1985 financial statements, specifically its internal accounting controls system.

GAO found that GSA failed to: (1) fully support its general ledger balances with detailed subsidiary records and quickly resolve any discrepancies; (2) ensure prompt billing of customers for automatic data processing services; (3) adequately control the process of recording unbilled accounts receivable and related revenue for services provided through third-party subcontractors; (4) promptly analyze and adjust discrepancies between its cash balance and the Department of the Treasury's reported balance; and (5) promptly reconcile its liability for telephone usage with actual bills received and paid.

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