About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

AFMD-81-106 1 (1981-09-17)

handle is hein.gao/gaobabcmc0001 and id is 1 raw text is: RUNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 AGCtJNIQNG AN nNANCIAL MANAGNMIENT DIVISION B-199914 SEP 1 7 1981 The Honorable James B. Edwards The Secretary of Energy Dear Mr. Secretary: 116514 Subject: Weaknesses in Internal Financial and Accounting Controls at Department of Energy Accounting Stations (AFMD-81-106) This report contains the results of our survey of account- ing controls over revenue and expenditure transactions at 10 ac- counting stations within the Department of Energy. Included were four regional offices, two operations offices, two naval reactor offices, a project office, and a power marketing office. The sur- vey identified weaknesses in internal controls over accounts re- ceivable, collections, disbursements, imprest funds, and obliga- tions. In addition, we noted a lack of audits of internal control procedures by your auditors and a general absence of local operat- ing instructions. We are informing you of these weaknesses to help you discharge your responsibilities under 31 U.S.C. 66a, which requires agency heads to provide effective control over and accountability for all funds for which they are responsible. Our survey was based on questionnaires designed to identify potential internal control problems and on interviews and discus- sions with accounting station officials. When responses indicated potential weaknesses, we-tested selected transactions to determine if the weaknesses existed, but we did not attempt to establish their extent or the precise corrective actions needed. The weak- nesses are discussed in enclosure I and their locations are shown in enclosure II. We discussed our survey results with responsible accounting station officials and the Department of Energy Controller and, in most instances, they'initiated or promised corrective action. However, because the weaknesses were widespread, we are recom- mending that you issue appropriate instructions to insure that (1) follow-up actions are taken to correct the weaknesses we have identified, (2) written procedures covering all phases of accounting operations are issued,'and (3) all established control procedures are followed. We are also recommending that (905033)

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most