Serious material weaknesses continue to plague the U.S. government's financial systems, recordkeeping and reporting, according to a newly released report.

The Government Accountability Office said that for the eleventh year in a row, it was prevented from expressing an opinion on the U.S. government's consolidated financial statements because of these weaknesses.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access