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Tag Archives: financial statements
All About Agency Financial Statement Auditing
Every year, GAO audits selected agencies’ financial statements and the consolidated financial statements of the federal government. We’ve discussed the results of our federal government audit on the WatchBlog before, but we wanted to provide more context on the agency-level … Continue reading
What Exactly Are “Improper Payments”?
Improper payments are always an area of concern for the federal government. These include overpayments, underpayments, payments made to ineligible recipients, or even payments that weren’t properly documented. While fraudulent payments are considered improper, not all improper payments are the … Continue reading
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August 14, 2014
Tagged abuse, agencies, auditing, CMS, consolidated financial statement, cost savings, data mining, Department of Defense, federal government, financial statements, FMA, Foster Care, fraud, improper payments, management, Medicaid, medicare, mismanagement, oversight, predictive analytics technologies, prepayment edits
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Impediments to an Audit Opinion on the Government’s Financial Statements
The Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget, annually consolidates individual agency financial statements to provide a comprehensive overview of the federal government’s finances. GAO is required to audit the consolidated … Continue reading
