Navy Shipyard Accounting System Needs Improvement
FGMSD-79-34
Published: Jun 06, 1979. Publicly Released: Jun 06, 1979.
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Highlights
The accounting system at Long Beach and Pearl Harbor Naval Shipyards has not been implemented in full accordance with the documented standard system design for Navy shipyards which was approved in June 1975. As a result, inventory values reported to Navy headquarters and Congress were incorrect, accounts receivable were not properly shown on financial statements, and control over appropriated funds was inadequate.
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Topics
Defense auditsFederal agency accounting systemsFinancial recordsShipyardsMilitary forcesAccounting systemsSystems designNaval shipyardAccounts receivableExpenditure of funds