Second Year Implementation Of The Federal Managers Financial Integrity Act In The Department Of Education

Author : U S Government Accountability Office (G
Publisher : BiblioGov
ISBN 13 : 9781289251642
Total Pages : 98 pages
Book Rating : 4.2/5 (516 download)

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Download or read book Education written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO reviewed the Department of Education's efforts to implement and comply with the Federal Managers' Financial Integrity Act of 1982 (FMFIA). GAO found that: (1) Education's second-year implementation of the act identified some new internal control weaknesses; (2) Education's progress in evaluating accounting systems in 1984 provided a better basis for reporting; (3) there were insufficient internal controls to prevent unauthorized access and manipulation; (4) Education excluded important program areas from vulnerability assessment coverage and did not effectively focus its assessment of remaining areas on potential risk of fraud; and (5) reviews performed on many major programs have been ineffective for determining the adequacy of internal controls. GAO also found that: (1) there was little assurance that corrective actions would be taken because Education did not have a complete inventory of identified material weaknesses; (2) a methodology for assessing automated systems' internal controls has not been developed; (3) Education did not ensure effective implementation of internal control activities by its program offices; (4) six of Education's largest systems did not conform with the Comptroller General's requirements; and (5) there was no adequate basis to state whether Education's system of internal controls, taken as a whole, conformed to the act's objectives.