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Financial Management: Financial Reporting Issues Related to the Navy's Direct Vendor Delivery Initiative

AIMD-00-312R Published: Sep 13, 2000. Publicly Released: Sep 13, 2000.
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Highlights

GAO provided information on how a Direct Vendor Delivery (DVD) contract would affect the Navy's financial reporting, focusing on: (1) whether accounting and auditing standards would require DVD contractors to report individual transactions through the Transaction Item Reporting (TIR) system; and (2) what level of reporting would be required under a DVD contract to meet accounting and auditing standards.

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Accounting standardsAudit trailAuditing standardsDepartment of Defense contractorsFederal agency accounting systemsFinancial managementFinancial recordsFinancial statement auditsReporting requirementsMilitary forces