[Comments on Proposed F.A.R. Amendment To Establish Minimum Requirements for Contractor Records of Government Property]

B-229475: Published: Dec 21, 1987. Publicly Released: Dec 21, 1987.

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GAO commented on a proposed amendment to the Federal Acquisition Regulation to require contractors to establish record maintenance systems for government property equivalent to their systems for their own property. GAO believes that the change alone would not overcome government property accounting problems caused by inadequate agency verification systems.

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