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Federal agency accounting systems (71 - 80 of 121 items)
Financial Management: Immediate Actions Needed to Improve Army Financial Operations and Controls
AFMD-92-82: Published: Aug 7, 1992. Publicly Released: Aug 7, 1992.
Pursuant to a legislative requirement, GAO reviewed the Department of the Army's financial management operations, focusing on the problems uncovered by its audit.GAO found that: (1) the Army's financial operations and accounting systems do not produce reliable information due to inadequate accounting policies and practices, and the lack of an integrated systems network for data collection; (2) alt...
Navy Maintenance: Public/Private Competition for F-14 Aircraft Maintenance
NSIAD-92-143: Published: May 20, 1992. Publicly Released: May 20, 1992.
Pursuant to a congressional request, GAO reviewed the Naval Aviation Depots' (NADEP) airframe repair program, focusing on the: (1) effects of introducing private-sector competition for depot maintenance on F-14 aircraft overhaul costs; (2) Naval Air Systems Command's (NAVAIR) post-award administration of the F-14 competition program; and (3) costs of competed and noncompeted overhauls during the s...
Financial Audit: Aggressive Actions Needed for Air Force to Meet Objectives of the CFO Act
T-AFMD-92-5: Published: Feb 19, 1992. Publicly Released: Feb 19, 1992.
GAO discussed the Air Force's and Department of Defense's (DOD) attempts to correct financial management problems. GAO noted that: (1) the Air Force made $62 billion in adjustments to its 1989 Treasury financial reports after a GAO audit identified serious accounting errors; (2) Air Force inventory control problems include incompletely or inaccurately recorded transactions, duplicate reporting, fa...
Defense Business Fund
AFMD-92-46R: Published: Feb 18, 1992. Publicly Released: Feb 18, 1992.
GAO commented on the January 1992 Defense Business Operations Fund Implementation Plan Report. GAO noted that the Plan was not structured and detailed enough to ensure that the Fund would achieve its goals. GAO also noted that a minimum, segments of the Plan should: (1) define the objectives and scope of Fund operations and the specific results to be achieved; (2) clearly describe the policies and...
Financial Management: DOD Faces Implementation Problems in Stock Funding Repairable Inventory Items
AFMD-92-15: Published: Dec 26, 1991. Publicly Released: Dec 26, 1991.
Pursuant to a congressional request, GAO reviewed the Department of Defense's (DOD) initiative to finance repairable items through the military services' stock funds, focusing on: (1) implementation problems the Navy has experienced since it started financing aviation repairables through its stock funds; (2) current Army and Air Force efforts to begin financing repairables through their stock fund...
Financial Management: Navy Needs to Improve Its Accounting for Ship Fuel Purchases
AFMD-91-54: Published: Jul 23, 1991. Publicly Released: Jul 23, 1991.
Pursuant to a congressional request, GAO reviewed the Navy's practices for acquiring ship fuel, focusing on whether the Navy had adequate controls to ensure that its financial management systems accurately accounted for ship fuel purchases.GAO found that: (1) since the Atlantic Fleet failed to follow its own procedures for ensuring that fuel purchase accounting records were accurate, it could not...
Financial Management: Uniform Policies Needed on DOD Financing of Repairable Inventory Items
AFMD-91-40: Published: Jun 21, 1991. Publicly Released: Jun 21, 1991.
Pursuant to a congressional request, GAO assessed the Department of Defense's (DOD) plans to expand the military services' use of stock funds to finance repairable items, focusing on whether the services implemented consistent, uniform policies regarding: (1) the prices stock funds charged customers for repairable items; (2) stock fund ownership and control over repairable items at installations;...
Financial Audit: Status of Air Force Actions to Correct Deficiencies in Financial Management Systems
AFMD-91-55: Published: May 16, 1991. Publicly Released: Jun 17, 1991.
Pursuant to a congressional request, GAO provided information on the status of: (1) follow-up actions related to an undocumented and unexplained $2.4-billion adjustment the Air Force Systems Command's Space Division made to its account balances; and (2) the Department of Defense's (DOD) and the Air Force's planned corrective action in response to the 26 recommendations GAO presented in a previous...
Defense's Planned Implementation of the $77 Billion Defense Business Operations Fund
T-AFMD-91-5: Published: Apr 30, 1991. Publicly Released: Apr 30, 1991.
GAO discussed the Department of Defense's (DOD) planned implementation of the Defense Business Operations Fund to determine the total cost of support operations. GAO noted that: (1) DOD lacked the policies, procedures, and systems to implement and operate the Fund in a businesslike manner; (2) existing component systems were not capable of providing accurate and reliable cost information and had s...
Financial Management: Problems in Accounting for DOD Disbursements
AFMD-91-9: Published: Nov 9, 1990. Publicly Released: Nov 9, 1990.
GAO reviewed the military services' accounting problems with cross-disbursements, focusing on cross-disbursements that the Department of State made on behalf of the services.GAO found that: (1) the services' failure to use uniform financial information caused serious problems in accounting for disbursements; (2) the use of nonstandard data made the processing of cross-disbursement transactions ext...