Accession Number : ADA337566

Title :   FINANCIAL MANAGEMENT: Federal Aviation Administration Lacked Accountability for Major Assets

Corporate Author : GENERAL ACCOUNTING OFFICE WASHINGTON DC ACCOUNTING AND INFORMATION MANAGEMENT DIV

PDF Url : ADA337566

Report Date : 18 FEB 1998

Pagination or Media Count : 18

Abstract : This letter responds to your request that we analyze the Department of Transportation (DOT) Inspector General's (IG) audit report on the Federal Aviation Administration's (FAA) fiscal year 1996 Statement of Financial Position, which reports FAA'S assets and liabilities. As financial statements provide accountability for the expenditure of appropriated funds, this analysis is important to understanding the reliability of reported financial information and the possible consequences of unreliable information. Specifically, you asked us to consider the possible program and budgetary implications of the questions raised about financial statement data deficiencies identified in the audit report.

Descriptors :   *FINANCIAL MANAGEMENT, DEFICIENCIES, BUDGETS, ACCOUNTABILITY.

Subject Categories : Administration and Management
      Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE