Wednesday, 28th December 2011

Fiscal Year 2011 Financial Report of the United States Government

Source: Government Accountability Office, U.S. Department of the Treasury

From the press release:

The U.S. Government Accountability Office (GAO) cannot render an opinion on the 2011 consolidated financial statements of the federal government, because of widespread material internal control weaknesses, significant uncertainties, and other limitations. As was the case in 2010, the main obstacles to a GAO opinion on the accrual- based consolidated financial statements were:

(1) serious financial management problems at the Department of Defense (DOD) that made its financial statements unauditable,

(2) the federal government's inability to adequately account for and reconcile intragovernmental activity and balances between federal agencies, and

(3) the federal government's ineffective process for preparing the consolidated financial statements.

+ Direct link to financial report of the United States (PDF; 3.3 MB)

Category:

• GAO (DocuTicker)
• Government and politics (DocuTicker)

Source:

• Government Accountability Office

Views: 703

By Heather Negley

An Info Pro, librarian, entrepreneur, author, worldwide connector and book-lover, Heather Negley is recognized for her new ways of thinking about librarianship, research, social media and creativity. Heather is the founder of HelpALibrarian.com and Zing Information Services. She has most recently been an Information Research Specialist with the Congressional Research Service at the Library of Congress where she provided business research for members of Congress and their staffs. Heather also worked as a research reporter for U.S. News and World Report and as a technical advertising producer on the washingtonpost.com. She received her MS in Library and Information Science from Simmons College in Boston, MA.

Heather can be reached at heather.negley@freepint.com

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