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

112837 1 (1980-07-16)

handle is hein.gao/gaobacxtc0001 and id is 1 raw text is: ) UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 COMMUNITY AND ECONOMIC DEVELOPMENT DIVISION JUL co Mr. Donald C. Cole President and Chief Executive Officer United States Railway Association Dear Mr. Cole: In accordance with the Government Corporation Control Act, we have completed an audit of the financial statements of the United States Railway Association (USRA) for the period October 1, 1978, through September 30, 1979, and issued our report to the Congress entitled, Examination of the United States Railway Association's Financial Statements. We also observed several other matters during our examination which we wish to bring to your attention. These matters were discussed with the Vice President, Administration; Director, Office of Accounting; and the Director of Audits. IMPROVEMENTS CAN BE MADE TO CONTROLS OVER EQUIPMENT USRA has improved its controls over equipment (e.g., calculators, tape recorders, typewriters) to prevent theft or loss since GAO's 1976 audit but further improvements can be made. In 1979 Support Services established and filled a position for a Secu- rity Officer in charge of equipment issuance and also established a card file system and a computer inventory to keep track of equipment issued to employees. Employees who are assigned equipment sign the related equipment card which is then used to update the computer inventory. When equipment is physically inventoried or when employees resign, the computer inventory is checked to identify who is assigned equipment and these employees are held liable if they cannot account for the equipment. We found that the equipment card file and the computer inventory were not kept up to date for all items sampled in our equipment review. In one case an equipment item had been returned to the Support Services store room but the equipment card file and the computer inventory showed the item still assigned to an employee. In two other cases the equipment items were no longer in the possession of employees listed on the equipment cards and computer inventory because the employees had transferred to other USRA departments and left the equipment behind without notifying Support Services. 112837

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