Weak internal controls make the Department of Labor and selected CETA grantees, vulerable to fraud, waste, and abuse: report to the Congress |
Common terms and phrases
abuse accounting adequate APPENDIX IV APPENDIX audit coverage audit reports audit resources auditors audits of prime audits of subgrantees CETA audit CETA funds CETA grantees CETA participants CETA prime sponsors CETA program checks and balances closeout collected corrective action deficiencies Department concurs Department's determine duplicate payments Employment and Training ensure evaluate excessive cash balances Failure Federal funds Federal representatives financial management four subgrantees grant money headquarters and regional identified implemented imprest funds improve inadequate independent monitoring units internal control weaknesses invoices Labor headquarters Labor officials told management and internal Manual for Guidance Office of Inspector operations oversight payroll system physical inventories Policy and Procedures problems procurement property management Property Management System purchasing procedures received Recommendation regulations requests Response result Secretary of Labor separation of duties single audit sound internal controls staff supplemental payroll timesheets vendors verification vulnerability assessment vulnerability to fraud
Popular passages
Page 1 - Administrative control includes, but is not limited to, the plan of organization and the procedures and records that are concerned with the decision processes leading to management's authorization of transactions. Such authorization is a management function directly associated with the responsibility for achieving the objectives of the organization and is the starting point for establishing accounting control of transactions.
Page 2 - Labor shall be to foster, promote, and develop the welfare of the wage earners of the United States, to improve their working conditions, and to advance their opportunities for profitable employment.
Page i - ... check the accuracy and reliability of accounting data, promote operational efficiency and encourage adherence to prescribed management policies...
Page 2 - Act to provide job training and employment opportunities for economically disadvantaged, unemployed, and underemployed persons, and to assure that training and other services lead to maximum employment opportunities and enhance self-sufficiency by establishing a flexible and decentralized system of Federal, State, and local programs.
Page v - ... are often ineffective and fraud and related illegal acts are easy to commit. Federal managers must ensure that controls are understood, encouraged, and enforced. Each Federal agency is required by the Budget and Accounting Procedures Act of l950 to maintain adequate systems of internal control. GAO believes that internal controls can be made more effective by strengthening existing law. The Congress is considering legislation which would require greater accountability by the heads of agencies...
Page 38 - More Effective Action is Needed on Auditors' Findings — Millions Can be Collected or Saved" ( FGHSD-79-3) , we reported lengthy delays in resolving audit findings at many Federal agencies including Labor.
Page v - Act of l98l that would require greater accountability by heads of Federal agencies for the effectiveness of their organizations' systems of internal financial control.
Page 14 - In testimony before the Subcommittee on Manpower and Housing. House Committee on Government Operations, on April 15, 1977. and in a report to the Congress dated July 27. 1977. entitled "Need for Fairer Treatment of Homeowners' Claims for Defects in Existing Insured Homes
Page v - ... internal control systems. The Federal Managers' Accountability Act of l98l (HR l526) would, among other things, require agency heads to periodically evaluate controls and report the results to the Congress and the President. GAO believes this legislation would contribute to the development of adequate internal control systems in the Federal Government. Auditors have an important role in assisting management by testing internal control systems and recommending needed improvements . Auditors can...
Page 34 - ... the Secretary concludes that any recipient of funds under this Act is failing to comply with any provision of this Act or the regulations under this Act or that the recipient has not taken appropriate action against its subcontractors, subgrantees, and other recipients, the Secretary shall have authority to terminate or suspend financial assistance in whole or in part and order such sanctions or corrective actions as are appropriate, including the repayment of misspent funds from sources other...