Status, Progress, and Problems in Federal Agency Accounting During Fiscal 1980

摘要

Federal agency accounting systems are required to conform to the principles and standards prescribed by the Comptroller General. At September 30, 1980, 193 of the 301 accounting systems in the Federal Government had been approved. However, the unapproved systems account for the expenditures of more than half the Federal budget. In addition, many systems approved over a decade ago need to be reapproved. GAO reviews of accounting systems in operation are also summarized in the report.