United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2008-06-17 monographic deposited born digital 50 p. GA 1.13:GAO-08-748 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-748 P0b002ee18037300e f:d08748 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-08-748 machine generated eng fdlp REPORT GAOREPORTS-GAO-08-748 GAO-08-748 Accounting procedures Accounting standards Audit reports Auditing standards Budget deficit Cost accounting Federal agencies Federal records management Financial analysis Financial disclosure Financial management Financial records Financial statement audits Financial statements Government information Internal controls Reporting requirements Reports management Cost awareness Cost estimates Cost growth Corrective action Other Written Product A82404 For the past 11 years, since GAO's first audit of the consolidated financial statements of the U.S. government (CFS), certain material weaknesses in internal control and in selected accounting and financial reporting practices have prevented GAO from expressing an opinion on the CFS. GAO has consistently reported that the U.S. government did not have adequate systems, controls, and procedures to properly prepare the CFS. GAO's December 2007 disclaimer of opinion on the fiscal year 2007 accrual basis consolidated financial statements included a discussion of continuing control deficiencies related to the preparation of the CFS. The purpose of this report is to (1) provide details of continuing material weaknesses, (2) recommend improvements, and (3) provide the status of corrective actions taken to address GAO's previous 81 recommendations related to the preparation of the CFS. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-748/html/GAOREPORTS-GAO-08-748.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-748/pdf/GAOREPORTS-GAO-08-748.pdf GAO-08-748 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-748 Other Written Product GAO-08-748; Financial Audit: Material Weaknesses in Internal Control over the Processes Used to Prepare the Consolidated Financial Statements of the U.S. Government; Accounting procedures Accounting standards Audit reports Auditing standards Budget deficit Cost accounting Federal agencies Federal records management Financial analysis Financial disclosure Financial management Financial records Financial statement audits Financial statements Government information Internal controls Reporting requirements Reports management Cost awareness Cost estimates Cost growth Corrective action