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

FGMSD-81-5 1 (1980-10-10)

handle is hein.gao/gaobabbcw0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 DIVISION OF FINANCIAL ANDI I GW'4KAL MANAG2MKINT STUDIES 113531 B-199914 OCTOBER 10,1980 The Honorable Douglas J. Bennet, Jr. ( Administrator Agency for International Development RO Dear Mr. Bennet: Subject: /1nternal Control at AID Missionj(FGMSD-81-5) This report contains the results of our survey of accounting controls over revenue and expenditure transactions at seven AID Missions in Latin America and the Caribbean. The survey disclosed weaknesses in internal controls over accounts receivable, cash collections, and imprest funds. Also, we noted a need for increased internal reviews. We are inform- ing you of our survey results to help you discharge your re- sponsibilities 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. Questionnaires designed to identify potential internal control problems were the basis of our interviews and discus- sions with mission officials. When responses indicated poten- tial weaknesses, we tested selected transactions to determine if the weaknesses existed. But we only verified the existence of the weaknesses and did not attempt to establish their ex- tent or the precise corrective actions needed. The weaknesses are discussed in enclosure I and their locations are shown in enclosure II. We discussed our survey results with responsible account- ing station officials and, in most instances, they initiated or promised corrective action. For this reason, we are not making any formal recommendations in this report. However, we suggest that you follow up on the adequacy of the correc- tions, and also that you consider the deficiencies noted in this report during any future accounting system design ef- forts. We would also appreciate being informed, in writing, of the actions taken or planned to correct the weaknesses discussed in this report and its enclosures. 2/6<31. (905007)

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