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AFMD-92-42ML 1 (1992-06-23)

handle is hein.gao/gaobachoi0001 and id is 1 raw text is: General Accounting Office Washington, D.C. 20548 Accounting and Financial Management Division 146937 B-114891 June 23, 1992 The Honorable Charlie Rose Chairman, Committee on House Administration House of Representatives Dear Mr. Chairman: In letters dated July 10, 1990, and April 10, 1991, the Architect of the Capitol requested that we audit the financial statements of the Service America Corporation's (SERVAM) operation of the House of Representatives Restaurant System for calendar years 1989 and 1990, respectively. We are addressing this letter to you because, effective August 4, 1991, SERVAM's contract was terminated, and your Committee assumed responsibility for operating the restaurant system. As discussed with your office and the Architect's office, we are unable to complete our audit on the financial statements for either 1989 or 1990 because we were unable to obtain from SERVAM key financial and accounting records to support payroll expenses and other material financial statement accounts. In the course of our attempt to audit the 1989 financial statements, we found that SERVAM continued to be in noncompliance with federal requirements related to employee benefits. Our work also showed that SERVAM lacked adequate controls over restaurant equipment and inventory, thus impairing accountability. These and other controls are essential to the financial management of restaurant operations. PROBLEMS IN SERVAM'S OPERATIONS Accounting System SERVAM's accounting system in 1989 and 1990 did not ensure that key financial and accounting records would be available GAO/AFMD-92-42ML

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