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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.
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Highlights

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 report.

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Accounting errorsAccounting proceduresAir Force procurementAuditing standardsDefense auditsFederal agency accounting systemsFinancial management systemsFinancial recordsFinancial statement auditsInternal controls