Financial Audit

Forest Service's Financial Statements for Fiscal Year 1988 Gao ID: AFMD-91-18 March 18, 1991

GAO examined the Forest Service's financial statements for the fiscal year ended September 30, 1988.

GAO found that: (1) the central accounting system did not integrate all separate accounting and reporting systems; (2) internal control policies and procedures within individual accounting and reporting systems failed to ensure that financial information was reliable and in compliance with prescribed accounting principles; (3) the general ledger was unable to produce accurate and timely financial reports, since the Service failed to integrate it with its accounting and reporting systems; (4) the Timber Sale Program Information Reporting System (TSPIRS) was not in accordance with generally accepted accounting principles; (5) the Service violated the Anti-Deficiency Act by overobligating the National Forest System's funds and the Job Corps account's allotment; and (6) except as noted, the financial statements presented fairly the Service's financial position, and the results of its operations, in conformity with generally accepted accounting principals applied on a consistent basis.

Recommendations

Our recommendations from this work are listed below with a Contact for more information. Status will change from "In process" to "Open," "Closed - implemented," or "Closed - not implemented" based on our follow up work.

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