tailieunhanh - FINANCIAL AUDIT First Audit of the Library of Congress Discloses Significant Problems _part3

Kế toán Điều khiển Kết quả là, 'Thư viện báo cáo tài chính có thể bao gồm thông tin trùng lặp hoặc incoms patible. Ví dụ, nhân viên Thư viện chương trình từ hai thành phần khác nhau được sử dụng hệ thống riêng biệt để ghi lại và tài khoản doanh thu từ các chương trình được hoàn của Thư viện. Chúng tôi thấy rằng số lượng của năm 1988 doanh thu được ghi lại trong hai hệ thống khác nhau khoảng 1,8 triệu USD. . | Appendix I Report on Internal Accounting Controls result the Library s financial reports may include duplicate or incompatible information. For example Library program personnel from two different components used separate systems to record and account for revenues from the Library s reimbursable programs. We found that the amount of 1988 revenue recorded in the two systems differed by about million. In addition the Library had not established policies and procedures needed to account for the recovery of the full cost of providing reimbursable services to other federal agencies. Consequently the Library had little or no assurance that it was recovering the cost of providing these services or whether it was under- or overcharging its clients. Since we completed our work the Library developed and promulgated a regulation and began issuing a new series of directives to establish the accounting principles and standards to be followed throughout the Library. The regulation included a list of financial management systems including subsidiary systems and established a requirement for annual reviews of all its financial management systems. The Library has issued three directives as of March 1991. In addition the Library has reorganized its financial management operations by establishing a Financial Systems Office to be responsible for documenting accounting procedures and has also issued a general plan to reach a long-term goal of audited annual financial statements. Library officials also told US that new year-end closing procedures were adopted at the end of fiscal year 1989 to record values for a number of accounts in the general ledger including estimated unearned revenue previously unrecorded accounts receivable equipment and depreciation. However they also told US that they had not prepared written guidelines that documented these procedures. Officials said that they do not have the resources needed to move quickly toward the goal of audited financial statements.