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Financial Management: Financial Audit Results at GSA, EPA, and DOT

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Report Type Reports and Testimonies
Report Date Sept. 30, 1999
Report No. T-AIMD-99-301
Subject
Summary:

GAO's audit of the 1998 consolidated financial statements of the federal government found serious shortcomings in systems, recordkeeping, documentation, financial reports, and controls. As a result, the financial statements did not provide decisionmakers or the public with reliable information. GAO has included the most serious deficiencies on its list of government activities at high risk for waste, fraud, abuse, and mismanagement. This testimony discusses data quality at the General Services Administration, the Environmental Protection Agency, and the Department of Transportation. GAO summarizes the results of its audits of the financial statements for these three agencies.

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