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FGMSD-77-74 1 (1977-12-27)

handle is hein.gao/gaobaawlx0001 and id is 1 raw text is: DOCUMENT SESUME 04617 - [F00249221 Weaknesses in the Drug Enforcement Adhinistrationes Financial Managesent System. FGNSD-77-?7; D-183363, December 27& 1977, 2 pp. + 2 enclopures (6 pp.). Report to eter B. Bensinger, Administrator, Drug Eaforcement Administration; by D. L. Scantlebury, Director, Pin;ncial and General Management Studies Div. Issue Area: Accountitg and Financial Reporting (2400); Accounting and Financial Reporting: Internal Controls over Receipts and Disbursements (2810). Contact: Financial and General *anagemst Studies Div. Budget Function: Miscellaneous: Financial ftana&%nt and Information Systems (1002). Organization Concerned: Department of Justice* Authority: 31 U.S.C. 66a. 7 GAO 12.2. 7 GAO 111. 7 GAO 25.6. 7 GIG 24.8. 7 GAO 17.1. A questionnaire survey was conducted to evaluate zhe procedures and controls of revenue and expenditure transactions of the Drug Enforcement administration. The questionnaire covered the system of internal controls over collections, disbursements, imprest funds, and obligations. Findings/Conclusions: responses indicated potential weaknesses in the financial manageaent system. The agency needs to: improve controls over the disposition of seized and recovered funds, isprove control of collections, have headquarters acknowledge receipt of collections, periodically review outstanding travel advances, segregate duties of cashiers, explain missed discounts in writing, and adequately support estimates of obligations. Although corrective actions sere taken or promised in most cases, followup on these actions was suggested to determine whether the corrective actions were adequate. (Author/HTI)

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