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Tag >> Office of Management and Budget
Aug 04
2010

GAO warns on internal controls of US financial reports

Posted by Stephen Taub in Office of Management and Budgetinternal controlsGovernment Accountability Officegenerally accepted accounting principlesGAODepartment of Treasurycomplianceaudit

Stephen Taub

It looks like the folks who brought us Sarbanes-Oxley need a dose of the governance and accounting rules themselves.

A new US Government Accountability Office (GAO) report concluded that improvements are needed in controls over the preparation of the US consolidated financial statements.





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