Internal controls (11 - 20 of 186 items)
DOD Financial Management: Ineffective Risk Management Could Impair Progress toward Audit-Ready Financial Statements
GAO-13-123: Published: Aug 2, 2013. Publicly Released: Sep 3, 2013.
The Department of Defense (DOD) has taken some actions to manage its department-level risks associated with preparing auditable financial statements through its Financial Improvement and Audit Readiness (FIAR) Plan. However, its actions were not fully in accordance with widely recognized guiding principles for effective risk management, which include (1) identifying risks that could prevent it fro...
Army and Marine Corps Training: Better Performance and Cost Data Needed to More Fully Assess Simulation-Based Efforts
GAO-13-698: Published: Aug 22, 2013. Publicly Released: Aug 22, 2013.
Over the past several decades, the Army and Marine Corps have increased their use of simulation-based training--simulators and computer-based simulations. Historically, the aviation communities in both services have used simulators to train servicemembers in tasks such as takeoffs, and emergency procedures that could not be taught safely live. In contrast, the services' ground communities used lim...
DOD Financial Management: Actions Needed to Address Deficiencies in Controls over Army Active Duty Military Payroll
GAO-13-28: Published: Dec 12, 2012. Publicly Released: Dec 12, 2012.
GAO identified deficiencies in the design of key control procedures relied on by the Army and the Defense Finance and Accounting Service-Indianapolis (DFAS-IN) to detect errors in payroll disbursements to active duty Army military personnel. Specifically, GAO found that the Army's procedures for reviewing Unit Commander Finance Reports (UCFR) do not (1) provide for monitoring of required UCFR revi...
DOD Financial Management: Ongoing Challenges with Reconciling Navy and Marine Corps Fund Balance with Treasury
GAO-12-132: Published: Dec 20, 2011. Publicly Released: Dec 20, 2011.
Neither the Navy nor the Marine Corps have implemented effective processes for reconciling their FBWT. The Treasury Financial Manual and DODs Financial Management Regulation require DOD components to perform monthly FBWT reconciliations and maintain detailed reconciliation worksheets and documentation to provide an adequate audit trail for the resolution of differences. GAOs Standards...
DOD Financial Management: Improved Controls, Processes, and Systems Are Needed for Accurate and Reliable Financial Information
GAO-11-933T: Published: Sep 23, 2011. Publicly Released: Sep 23, 2011.
As one of the largest and most complex organizations in the world, the Department of Defense (DOD) faces many challenges in resolving serious problems in its financial management and related business operations and systems. DOD is required by various statutes to (1) improve its financial management processes, controls, and systems to ensure that complete, reliable, consistent, and timely informati...
DOD Financial Management: Ongoing Challenges in Implementing the Financial Improvement and Audit Readiness Plan
GAO-11-932T: Published: Sep 15, 2011. Publicly Released: Sep 15, 2011.
The Department of Defense (DOD) has initiated several efforts over the years to address its long-standing financial management weaknesses and ultimately achieve unqualified (clean) opinions on its financial statements. In 2005, the DOD Comptroller first issued the Financial Improvement and Audit Readiness (FIAR) Plan for improving financial management and reporting. In May 2010, the DOD Comptrolle...
DOD Financial Management: Improvement Needed in DOD Components' Implementation of Audit Readiness Effort
GAO-11-851: Published: Sep 13, 2011. Publicly Released: Sep 15, 2011.
The Department of Defense (DOD) has been required to prepare audited annual financial statements since 1997 but to date, has not been able to meet this requirement. The National Defense Authorization Act of Fiscal Year 2010 mandated that DOD be prepared to validate [certify] that its consolidated financial statements are audit-ready by September 30, 2017. In May 2010, DOD issued its Financial Impr...
DOD Financial Management: Marine Corps Statement of Budgetary Resources Audit Results and Lessons Learned [Reissued on October 17, 2011]
GAO-11-830: Published: Sep 15, 2011. Publicly Released: Sep 15, 2011.
Long-standing weaknesses in Department of Defense (DOD) business processes, systems, and controls have hindered efforts to achieve financial audit readiness. Because DOD relies heavily on budget information for day-to-day management decisions, in August 2009, the DOD Comptroller designated the Statement of Budgetary Resources (SBR) as an audit priority. The U.S. Marine Corps was identified as the...
Department of Defense: Financial Management Improvement and Audit Readiness Efforts Continue to Evolve
GAO-10-1059T: Published: Sep 29, 2010. Publicly Released: Sep 29, 2010.
As one of the largest and most complex organizations in the world, the Department of Defense (DOD) faces many challenges in resolving its pervasive and long-standing financial management and related business operations and systems problems. DOD is required by various statutes to (1) improve its financial management processes, controls, and systems to ensure that complete, reliable, consistent, and...
Financial Management: DOD Needs to Clarify Its General Gift Fund Policies to Provide for Effective Oversight
GAO-09-486R: Published: May 27, 2009. Publicly Released: May 27, 2009.
From fiscal year 2005 through fiscal year 2008, the military services received about $295 million in monetary and nonmonetary gifts from individuals and organizations wishing to donate gifts to the Department of Defense (DOD). Section 2601(a) of Title 10, U.S. Code is a long-standing authority under which the secretaries overseeing DOD, the military services, and the Coast Guard may accept a gift...