Accounting procedures (31 - 40 of 90 items)
Financial Management: Army Real Property Accounting and Reporting Weaknesses Impede Management Decision-making
AIMD-94-9: Published: Nov 2, 1993. Publicly Released: Nov 2, 1993.
GAO reviewed the Army's reporting and accounting of real property and construction in progress, focusing on the: (1) effects of inaccuracies in the Army's accounting system on managerial decisionmaking; and (2) Army's progress in correcting accounting system and construction-in-progress data inaccuracies.GAO found that: (1) the Army's system for recording real property at its installations could n...
Financial Management: Reliability of Weapon System Cost Reports Is Highly Questionable
AIMD-94-10: Published: Oct 28, 1993. Publicly Released: Oct 28, 1993.
GAO reviewed the information systems the Army uses to identify, record, and report weapon system costs.GAO found that: (1) the cost reports that the Army submitted to Congress did not clearly present all the relevant costs authorized by Congress; (2) current cost reports must be further analyzed, since support costs are recorded by type of cost rather than by weapon system; (3) the Army cannot ade...
Financial Management: Army Lacks Accountability and Control Over Equipment
AIMD-93-31: Published: Sep 30, 1993. Publicly Released: Sep 30, 1993.
GAO reviewed the Army's Continuing Balance System-Expanded (CBSX) central logistics system, focusing on whether: (1) internal controls for managing and maintaining accountability for Army equipment are adequate; and (2) equipment records maintained by individual Army units are accurate.GAO found that: (1) the Army's resources may be improperly wasted and its readiness impaired because the informat...
Financial Management: DOD Has Not Responded Effectively to Serious, Long-standing Problems
T-AIMD-93-1: Published: Jul 1, 1993. Publicly Released: Jul 1, 1993.
GAO discussed financial management at the Department of Defense (DOD). GAO noted that: (1) top leadership vacancies are exacerbating DOD financial problems; (2) the military services' ability to unilaterally act to make changes and improvements in financial operations is now limited because financial management and responsibility have been transferred to the Office of the Secretary of Defense (OSD...
Financial Audit: Examination of the Army's Financial Statements for Fiscal Years 1992 and 1991
AIMD-93-1: Published: Jun 30, 1993. Publicly Released: Jun 30, 1993.
Pursuant to a legislative requirement, GAO examined the Army's financial statements for fiscal years 1992 and 1991.GAO found that: (1) the Army lacked adequate internal controls and an accurate, reliable accounting system; (2) the Army did not materially comply with Department of Defense (DOD) financial policies, record retention requirements, or program activity reporting requirements; (3) weak i...
Financial Management: Opportunities to Strengthen Management of the Defense Business Operations Fund
T-AFMD-93-6: Published: Jun 16, 1993. Publicly Released: Jun 16, 1993.
GAO discussed the Department of Defense's (DOD) progress in implementing and operating the Defense Business Operations Fund. GAO noted that: (1) DOD has initiated the Corporate Information Management project as a long-term strategy to improve DOD systems; (2) the Defense Finance and Accounting Service (DFAS) has overall responsibility to provide uniform accounting policy guidance, establish requir...
Financial Management: Navy Records Contain Billions of Dollars in Unmatched Disbursements
AFMD-93-21: Published: Jun 9, 1993. Publicly Released: Jun 9, 1993.
GAO provided information on the: (1) dollar value, age, and causes of unmatched disbursements in the Navy's Standard Accounting and Reporting System; and (2) Navy's procedures for matching disbursements with obligations and the adequacy of Navy corrective action plans.GAO found that: (1) the Department of Defense (DOD) does not agree that unmatched disbursements should be reported as a material in...
DOD's FMFIA Assertions
AFMD-93-61R: Published: Apr 27, 1993. Publicly Released: Apr 27, 1993.
GAO reviewed the Department of Defense's (DOD) fiscal year (FY) 1992 Federal Managers' Financial Integrity Act (FMFIA) report. GAO noted that: (1) the FY 1992 FMFIA report overstates the effectiveness of DOD internal controls and financial systems and is inconsistent with GAO audit reports; (2) the DOD report identifies 116 material internal control weaknesses in major DOD resource areas such as c...
Financial Management: Navy Industrial Fund Has Not Recovered Costs
AFMD-93-18: Published: Mar 23, 1993. Publicly Released: Mar 23, 1993.
Pursuant to a congressional request, GAO reviewed the Navy Industrial Fund's operating losses and the appropriateness of fiscal year (FY) 1993 practices.GAO found that: (1) naval aviation depots and shipyards reported losses of $294 million and $591 million, respectively, for FY 1989 through FY 1991; (2) fluctuations in the volume and composition of work had an adverse impact on the Industrial Fun...
Alleged Materiel Disposal
NSIAD-93-139R: Published: Mar 11, 1993. Publicly Released: Mar 11, 1993.
Pursuant to a congressional request, GAO reviewed allegations that serviceable equipment and supplies provided for use in Operation Desert Shield were improperly disposed of in Saudi Arabia. GAO noted that: (1) seven soldiers reported seeing serviceable equipment and supplies burned and buried in Saudi Arabia, but other personnel were not aware of any instances; (2) Army documents showed no eviden...