Unsupported Adjustments

AFMD-93-28R: Published: Dec 23, 1992. Publicly Released: Dec 23, 1992.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

GAO reviewed the Army's financial management operations and fiscal year 1991 financial statements, focusing on the legal implications of unsupported year-end adjustments by the U.S. Army's Aviation and Troop Command. GAO noted that the Aviation Command: (1) made unsupported adjustments to its disbursement records which eliminated negative balances in seven fund subdivisions and concealed recorded excess disbursements totalling $25.4 million; (2) violated Army regulations and federal law by failing to file reports and take proper corrective action; (3) maintained that the excess disbursements were a result of mere bookkeeping errors and federal law or Army regulations were not applicable; and (4) should have reported recorded disbursement obligations and placed excess disbursement transactions into a suspense account for later investigation.

Apr 26, 2016

Apr 5, 2016

Feb 22, 2016

Feb 11, 2016

Feb 1, 2016

Dec 16, 2015

Dec 2, 2015

Nov 25, 2015

Nov 12, 2015

Looking for more? Browse all our products here