Financial Audit: U.S. Government's Fiscal Years 2013 and 2012 Consolidated Financial Statements
Abstract
This report transmits GAOs audit report on the results of our audit of the U.S. governments fiscal years 2013 and 2012 consolidated financial statements, which is incorporated in the enclosed Fiscal Year 2013 Financial Report of the United States Government prepared by the U.S. Department of the Treasury. During fiscal year 2013, the federal governments reported unified budget deficit decreased by about $409 billion to approximately $680 billion. However, the federal government continues to face an unsustainable long-term fiscal path. To operate as effectively and efficiently as possible and to make difficult decisions to address the federal governments fiscal challenges, Congress, the administration, and federal managers must have ready access to reliable and complete financial and performance information- both for individual federal entities and for the federal government as a whole. Overall, significant progress has been made since the enactment of key federal financial management reforms in the 1990s; however, our report on the U.S. governments consolidated financial statements underscores that much work remains to improve federal financial management, and these improvements are urgently needed.
Document Details
- Document Type
- Technical Report
- Publication Date
- Feb 27, 2014
- Accession Number
- AD1176661
Entities
People
- Eugene Louis Dodaro
- Gary T. Engel
- Robert F. Dacey
Organizations
- United States Government Accountability Office