United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office Accounting and Information Management Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1994-05-04 monographic deposited born digital GA 1.13:AIMD-94-109 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-94-109 P0b002ee18039b8b6 f:ai94109 DGPO 2010-08-12 2011-03-23 GAOREPORTS-AIMD-94-109 machine generated eng fdlp REPORT GAOREPORTS-AIMD-94-109 AIMD-94-109 Financial records Internal controls Federal agency accounting systems Retirement pensions Financial statement audits Federal corporations Reporting requirements Financial management systems Liability (legal) Funds management Single Employer Guaranty Fund PBGC Multiemployer Fund Retirement Protection Act of 1993 PBGC Pension and Lump Sum System Letter Report AIMD This report presents GAO's opinion on the financial statements of the Single-Employer Fund and the Multiemployer Fund for fiscal years 1993 and 1992. These financial statements are the responsibility of the Pension Benefit Guaranty Corporation, which runs the funds. Because of the Corporation's continuing progress in improving internal controls, GAO was able, for the first time, to evaluate each of the Corporation's financial statements for fiscal year 1993. Although material internal control weaknesses continue to affect both funds, the Corporation is working to resolve this problem. This report also includes GAO's recommendation to improve the Corporation's internal control structure and discusses GAO's continuing concerns about the long-term viability of the Single-Employer Fund and weaknesses in employee benefit plan audits and reports. https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-94-109/html/GAOREPORTS-AIMD-94-109.htm GAO/AIMD-94-109 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-94-109 Letter Report GAO/AIMD-94-109; Financial Audit: Pension Benefit Guaranty Corporation's 1993 and 1992 Financial Statements; Financial records Internal controls Federal agency accounting systems Retirement pensions Financial statement audits Federal corporations Reporting requirements Financial management systems Liability (legal) Funds management Single Employer Guaranty Fund PBGC Multiemployer Fund Retirement Protection Act of 1993 PBGC Pension and Lump Sum System