GAO Wants USPS to Reassess Accounting Procedures

Share this content:
The General Accounting Office sent a letter to U.S. Postal Service officials, board members and the agency's inspector general Sept. 13 suggesting that the agency reassess the accounting procedures used to evaluate the costs and future effect of its USPS pension and post-retirement health obligations.


The GAO suggested that the USPS consider using accrual accounting instead of the current pay-as-you-go method for its pension and post-retirement health benefits.


The GAO also recommended that the USPS enhance disclosures regarding its accounting treatment for its pension and post-retirement health obligations, such as including discussions and statements of the health obligations in the footnotes of its financial statements


Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here