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

MWD-75-69 1 (1975-03-05)

handle is hein.gao/gaobaaaop0001 and id is 1 raw text is: ;: .) L.: \ - £ T , rV :' -.t-- ,: : 7 Yit ,r' E NE A L ACCOUiNTING C)FIC'E Cm 11VASHINGTON, D.C. 20548 MANPOW-R AND V1EL'ARM DIVISION The Honorable The Secretary of Health, Education, and Welfare Dear Mr. Secretary: We have examined certain aspects of the Office of Education's (OE's) financial management activities. As you know, ... ..d ul ci)L ac.ubvii'g S Sei- Significant problems, many existing for 3 years or more, have, been identified in OE's financial management information system. This letter is to express our concern with these problems and to emphasize the need for their early resolution if OE and other interested parties are to have sufficient timely and accurate finan- cial information on fund balances to make appropriate funding decisions. The problems are discussed below. Substantial errors exist in OE's accounting records. OE Division of Finance officials said many of these occurred when OE converted its accounting system to include a financial information system in 1971. Although OE officials knew the data entered into the financial management information system contained errors, they put the system into operation July 1, 1971, thinking the errors could be corrected later. Progress in correcting them has been slow. According to the Director of the Finance Division, about 20,800 of an estimated 32,000 errors had been corrected by January 3, 1975. He estimated that, with current staff, correcting the remaining errors would take at least 2 years. In addition, thousands of financial transactions have been rejected entry into the financial management information system because of various types of errors. OE officials attributed these rejections primarily to (I) errors in coding and keypunching when accounting data is converted into computer input form and (2) uncor- rected errors in original data which cause current data to be rejected when the data cannot be related to automated history files. 10973/1 'CMSD AI MWD- 75-69 CROUP

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