Accounting System Of The Civil Aeronautics Board V. FGMSD-76-20

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FGMSD-76-20 1 (1975-12-19)

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-WASHINGTON. D.C. 20O33

DIVISION Of? FNANCIA.. AND
DEC 19 192 5

B- 16l885

The Honor ole John E. Robson
Chairvn P, Civil Airona-.ics Board

Dear Mr. Robson:

We revicad the accounting system of the Civil ,Iernautic-s Goard
(Cf) to determine whether it was oiFrating in accordance with -he
system design approved by the Comrnr&oller General on Jaumury 10', 1968.

Our review showed that:

I. I view of significant r,.-sIc:s which had oeen rrtade to
the subsidy', payroll , anqd prcP--r-ty , ,crunin sbyt-,
they snould b2 suLritted to C.,trclla, Gcnel For
epproval.
i.. improved controls were needed to insure the correctness
of personnel and payroll data entereJ into the computer
system°.

3. Physica'! inventories of accountable property had not-
been taken since 1969 although the approved accounting
syster design reqtiired annual inventories.

4. Controls over cash receipts needed imra.pvement.

5. The internal audit functicn needed strengtihering by (1)
requiri ,g that the Oiternal audit staff repr t to the
Chairmn, CAB, rather trian the Comptroller id (2) re-
quiring the internal audit staff to establish a plan
for systematic audit of its accounting system and re-
lated financial mnage~nent activities.

These matters were discusied wIth the Comptroller and merners of
his staff at thE- conclusion of our review. By letter dated February
20, 1975, the Cprolr .... us of the action planned to correct
the weakliesses noted.

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FGNSi-76-20