Financial management : Federal Aviation Administration lacked accountability for major assets

Details

• Corporate Creators:
  United States. Government Accountability Office
• Subject/TRT Terms:
  • Federal government agencies
  • Financial responsibility
  • Air transportation facilities
  • Air traffic control facilities
  • Materials management
  • Inventory
  • Accounting
  • Cost accounting
  • Audits
  • Equipment inventory
  More +
• Publication/ Report Number:
  GAO/AIMD-98-62
• DOI:
  https://doi.org/10.21949/1404042
• Resource Type:
  Research Paper
• Geographical Coverage:
  United States
• TRIS Online Accession Number:
  00883729
• OCLC Number:
  49544801
• Corporate Publisher:
  United States. General Accounting Office
• NTL Classification:
  NTL-AVIATION-Airports and Facilities ; NTL-AVIATION-Aviation Economics and Finance ; NTL-ECONOMICS AND FINANCE-Economic Impacts
• Abstract:
  This short report is in response to a request by the Congress that the General ; Accounting Office (GAO) 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. The GAO found that the deficiencies concerning operating ; materials and supplies and property and equipment cited by the IG impair FAA's ; ability to efficiently and effectively manage programs that use these assets ; and expose the agency to waste, fraud, and abuse. These problems included: ; Lack of physical controls over inventory and equipment, Problems in accounting ; for significant investments in property; and Lack of a reliable cost accounting ; system.
  More +
• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/12638/dot_12638_DS1.pdf
• File Type:
  [PDF - 69.25 KB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha256:3e753cabc48e2b86f1659189c30f047b7b2c8126e1fbce15508941ffb5bb71ef