Washington (Sept. 14, 2004) — The Government Accountability Office has issued some 25 recommendations to address systemic internal control weaknesses uncovered during the fiscal 2003 audit of the consolidated financial statements for the U.S. government.
The auditor general, which has previously reported on the weaknesses in the seven-year-old auditing process of the CFS, said that 11 of those recommendations pertained to four disclosure areas under generally accepted accounting principles, as well as compilation and financial reporting in another seven areas.
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