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Serious Breakdown in the Army's Financial Management Systems

FGMSD-76-74 Published: Nov 05, 1976. Publicly Released: Nov 05, 1976.
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Highlights

Violations of the Antideficiency Act are cited as examples of the breakdown in the Army's accounting and financial management reporting systems, and its efforts to improve its financial management systems are outlined. In April 1976, $205 million in overobligations for Army procurement appropriations was reported.

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Full Report (26 pages)

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Topics

Auditing and Financial Management
AccountingAccounting systemsArmy procurementBudget administrationFinancial management systemsProcurement appropriationsProcurement practicesMilitary forcesProcurementFinancial management