Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

Financial Management: Inadequate Accounting and System Project Controls at AID

  Premium   Download PDF Now (72 pages)
Report Type Reports and Testimonies
Report Date May 24, 1993
Report No. AFMD-93-19
Subject
Summary:

The Agency for International Development (AID) has experienced serious accounting system and financial reporting problems that precluded it from (1) reporting the use and status of all its appropriated funds, (2) ensuring that it had received property it had paid for and reliably reporting on its disposition, and (3) promptly and accurately responding to requests from Congress and others for information on program operation costs. The problems occurred because AID managers had not enforced established accounting and financial reporting procedures and devoted enough resources to resolving unmatched disbursement and clearing apparent over-disbursements in some appropriation accounts. Also, AID had not satisfactorily managed financial system improvement projects, with the result that its systems did not provide up-to-date and reliable reports.

« Return to search Government Accountability Office reports