Financial Management: Financial Management Weaknesses at the Department of Education: T-AIMD-00-50

December 1999
GAO Reports;12/6/1999, p1
Government Document
The Department of Education is the lead agency overseeing the more than $73 billion that the federal government spends each year on education programs. The Department also tracks about 93 million student loans and 15 million grants. It also collects more than $150 billion owed by students. Consequently, the Department's financial statements are an important source of information for policymakers and the public. This testimony discusses GAO's review of the independent auditors' reports of the Department's financial statement for fiscal year 1998.


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