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


Loading links....

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

DMN's 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