FINANCIAL MANAGEMENT: Federal Aviation Administration Lacked Accountability for Major Assets

Abstract

This letter responds to your request that we analyze the Department of Transportation (DOT) Inspector General's (IG) audit report on the Federal Aviation Administration's (FAA) fiscal year 1996 Statement of Financial Position, which reports FAA'S assets and liabilities. As financial statements provide accountability for the expenditure of appropriated funds, this analysis is important to understanding the reliability of reported financial information and the possible consequences of unreliable information. Specifically, you asked us to consider the possible program and budgetary implications of the questions raised about financial statement data deficiencies identified in the audit report.

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Document Details

Document Type
Technical Report
Publication Date
Feb 18, 1998
Accession Number
ADA337566

Entities

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Biomedical
  • Human Systems

DTIC Thesaurus Topics

  • Accountability
  • Accounting
  • Acquisition
  • Air Traffic
  • Business Administration
  • Civil Aviation
  • Commerce
  • Cost Effectiveness
  • Financial Management
  • House Of Representatives
  • Inventory
  • Logistics
  • Maintenance
  • Money
  • Spare Parts
  • Transportation
  • United States

Fields of Study

  • Business

Readers

  • Aviation Safety and Air Traffic Management
  • Defense Financial Management and Audit.