Weak Internal Financial Control at USMMA

Thursday, September 10, 2009

The Government Accountability Office (GAO) issued a report of its examination of internal financial controls at the US Merchant Marine Academy (USMMA). The report states that internal control weaknesses resulted in improper sources and uses of funds. Some midshipmen fee assessments were unrelated to goods and services provided to the midshipmen. The Academy improperly entered into some sole-source agreements with the Global Maritime and Transportation School (GMATS) and then inappropriately accepted and used GMATS funds. There were questionable billing and payment transactions related to use of the Academy’s training ship Kings Pointer. The report noted that some corrective actions are under way. GAO-09-635 (9/9/09).

(Source: Bryant’s Maritime News)

Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


New Jersey Transportation Chief to Resign

New Jersey Governor Chris Christie on Friday said his transportation commissioner Jamie Fox would step down by the end of the month to return to the private sector after only a year in the position.

Eletrobras says Compensation for Hydro Plants Could be $330 mln

Brazil's state-run utility Eletrobras said on Friday a report into six hydroelectric plants found the assets had a remaining value of 1.3 billion reais ($332

Brazil Court Allows Lula Questioning in Petrobras Corruption Case

Brazil's Supreme Court authorized the questioning by Federal Police of ex-President Luiz Inácio Lula da Silva as a witness in a broadening corruption case focused


Transas Support for Philippines MET

The rapid growth and development of the Philippine maritime training market caused a dramatic increase in demand for state-of-the-art simulation systems compliant

Four CMA Cadets Awarded Crowley Scholarships

Four California Maritime Academy (CMA) cadets were awarded Thomas B. Crowley Sr. Memorial scholarships from the Crowley Maritime Corporation. The scholarships

Emerging Tech of Online Education and Training

The emerging technology tool is embraced by award winning West Kentucky Community & Technical College’s Inland Logistics and Marine Institute and its students. Years ago,

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Pipelines Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3297 sec (3 req/sec)