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Financial Management: Comments on DFAS' Draft Federal Accounting Standards and Requirements

AIMD-97-108R Published: Jun 16, 1997. Publicly Released: Jun 16, 1997.
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Highlights

GAO commented on the Defense Finance and Accounting Service's (DFAS) draft federal accounting standards and requirements, focusing on: (1) additional needed requirements not presently included in the draft; (2) suggested changes to information now in the draft; and (3) where GAO believes the draft document should fit into the Department of Defense's (DOD) overall strategic planning and financial management systems architecture processes.

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Topics

Accounting proceduresAccounts payableAccounts receivableCivil service retirement systemCost accounting standards complianceFederal agency accounting systemsFederal employees retirement systemFinancial management systemsInternal controlsStrategic planningSystems design