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AFMD-81-58 1 (1981-06-25)

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B' THE COMPTROLLER GENERAL


Report To The Congress


OF THE UNITED STATES


Status, Progress, And Problems In Federal

Agency Accounting During Fiscal 1980





Federal agency accounting systems are requir-
ed to conform to the principles and standards
prescribed by the Comptroller General.


At September 30, 1980, 193 of the 301 ac-
counting systems in the Federal Government
had been approved. However, the unapproved
systems account for the expenditures of more
than half the Federal budget. In addition,
many systems approved over a decade ago
need to be reapproved.
The growing demand for Government services
accompanied by an emerging insistence on
greater accountability focuses increased atten-
tion on accounting systems. GAO experience
shows systems that meet the Comptroller
General's requirements generally have fewer
problems and permit more efficient and eco-
nomical management.
Congress should focus more attention on the
importance of accounting systems by requiring
the head of each agency requesting appropria-
tions to report on the status of and progress
made toward gaining GAO approval of its
accounting systems.
GAO reviews of accounting systems in opera-
tion are also summarized in this report.

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III  1111111649  IiI  II
    115649


  AFMD-81-58
JUNE 25, 1981


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