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Military forces (21 - 30 of 121 items)
CFO Act Financial Audits: Increased Attention Must Be Given to Preparing Navy's Financial Reports
AIMD-96-7: Published: Mar 27, 1996. Publicly Released: Mar 27, 1996.
GAO reviewed the Navy's fiscal year (FY) 1994 consolidated financial reports, focusing on how the Navy and the Defense Finance and Accounting Service (DFAS) can: (1) improve the credibility of the Navy's FY 1995 financial reports; and (2) enhance their ability to prepare the Navy's FY 1996 annual financial statements.GAO found that: (1) the Navy's FY 1994 consolidated financial reports were not re...
Navy Negative Undelivered Orders
AIMD-96-37R: Published: Feb 12, 1996. Publicly Released: Feb 12, 1996.
GAO examined the Navy's appropriation balances for undelivered orders and related balances for accounts payable as of September 30, 1994. GAO noted that: (1) Defense and Finance Accounting Service (DFAS)-Cleveland reduced two appropriation balances for undelivered orders by $72 million; (2) negative balances for undelivered orders could indicate that orders were not properly recorded, disbursement...
Financial Management: Challenges Facing DOD in Meeting the Goals of the Chief Financial Officers Act
T-AIMD-96-1: Published: Nov 14, 1995. Publicly Released: Nov 14, 1995.
Pursuant to a congressional request, GAO discussed the Department of Defense's (DOD) efforts to implement the Chief Financial Officer's (CFO) Act, focusing on the: (1) financial problems facing the department; (2) actions DOD plans to take; and (3) issues DOD must address to overcome its problems. GAO noted that DOD: (1) does not have adequate financial management processes or financial data to de...
Defense Financial Audits Issue Area: Active Assignments
AA-95-28(3): Published: Jul 1, 1995. Publicly Released: Jul 1, 1995.
GAO provided information on its active assignments in the Defense Financial Audits issue area as of July 6, 1995...
Financial Management: Challenges Confronting DOD's Reform Initiatives
T-AIMD-95-146: Published: May 23, 1995. Publicly Released: May 23, 1995.
GAO discussed the Department of Defense's (DOD) plans to reform its financial management operations. GAO noted that: (1) DOD has serious, long-standing financial problems that must be addressed immediately; (2) DOD plans to reform its financial management operations by consolidating its finance and accounting operations and systems, establishing pre-validation procedures for disbursements, reengin...
Navy Financial Reports
AIMD-94-166R: Published: Aug 11, 1994. Publicly Released: Aug 11, 1994.
GAO analyzed the changes in financial data in the Navy's annual financial reports for fiscal years (FY) 1992 and 1993, focusing on the discrepancies in the amounts shown for property, plants, and equipment. GAO noted that: (1) the valuations for Navy property, plants, and equipment in the FY 1992 and 1993 reports were $17.7 billion and $163.3 billion, respectively, which were less than the amounts...
Defense Business Operations Fund: Improved Pricing Practices and Financial Reports Are Needed to Set Accurate Prices
AIMD-94-132: Published: Jun 22, 1994. Publicly Released: Jun 22, 1994.
Pursuant to a legislative requirement, GAO provided information on the Department of Defense's process for developing the prices the Defense Business Operations Fund will charge its customers, focusing on: (1) the reasons the Fund's prices have increased; (2) the reasons the Fund continues to experience annual losses; and (3) whether the Fund's financial reports are sufficiently accurate to assist...
Air Force FY 1992 Financial Audits
AIMD-94-129R: Published: Jun 7, 1994. Publicly Released: Jun 7, 1994.
GAO reviewed the fiscal year 1992 audits of the Air Force's consolidated financial statements and its Defense Business Operations Fund (DBOF) activities. GAO noted that the: (1) DBOF financial audits were reported in a thorough and straightforward manner; (2) Department of Defense (DOD) Inspector General needs to be more proactive on future mandated audits and provide greater oversight of Air Forc...
Financial Management: DOD's Efforts to Improve Operations of the Defense Business Operations Fund
T-AIMD/NSIAD-94-170: Published: Apr 28, 1994. Publicly Released: Apr 28, 1994.
GAO discussed the Department of Defense's (DOD) operation and management of the Defense Business Operations Fund. GAO noted that: (1) DOD has not developed policies critical to the Fund's operations; (2) DOD cost accounting systems are fragmented, costly to maintain, and do not provide the cost information necessary for managers to better control costs; (3) although DOD has made some progress in i...
Financial Management: Financial Control and System Weaknesses Continue to Waste DOD Resources and Undermine Operations
T-AIMD/NSIAD-94-154: Published: Apr 12, 1994. Publicly Released: Apr 12, 1994.
GAO discussed Department of Defense (DOD) financial management. GAO noted that: (1) during the first half of fiscal year (FY) 1993, DOD received $751 million in payments returned by contractors, an indication that DOD controls over disbursements are poor; (2) it identified numerous instances of overpayments resulting from fraud perpetrated by DOD military and civilian personnel, former DOD personn...