Foreign Military Sales:
Air Force Efforts to Develop an FMS Accounting System
AFMD-90-82FS: Published: Aug 8, 1990. Publicly Released: Sep 7, 1990.
Additional Materials:
- Full Report:
Contact:
Pursuant to a congressional request, GAO evaluated the Department of Defense's progress in implementing Foreign Military Sales (FMS) accounting system improvements, focusing on the status of the Air Force's efforts to design, develop, and implement a new central FMS accounting and billing system.
GAO found that: (1) the Air Force designated its audit agency and a new management office to oversee the design, development, and implementation of the FMS central accounting and billing system; (2) the Air Force also completed an economic analysis to assist it in selecting the best development method for the FMS program; (3) the Air Force identified five alternatives for the new system, but felt that only three alternatives offered viable approaches for correcting long-standing FMS financial management problems; (4) the Air Force estimated a total cost for each of the three alternatives of between $60 million and $68 million; (5) following the completion of the initial economic analysis, the Air Force developed 613 requirements for the new FMS accounting and billing system; and (6) since July 1988, the Air Force had awarded 10 contracts valued at over $1 million to assist it in developing cost estimates and alternatives for the new FMS system.
Jul 18, 2018
Civil Penalties:
Certain Federal Agencies Need to Improve Inflation Adjustment ReportingGAO-18-519: Published: Jul 18, 2018. Publicly Released: Jul 18, 2018.
Jul 17, 2018
-
Government Auditing Standards 2018 Revision (Supersedes GAO-12-331G)GAO-18-568G: Published: Jul 17, 2018. Publicly Released: Jul 17, 2018.
Jul 16, 2018
-
Management Report:
Continued Improvements Needed in Controls over the Processes Used to Prepare the U.S. Consolidated Financial StatementsGAO-18-540: Published: Jul 16, 2018. Publicly Released: Jul 16, 2018.
Jun 28, 2018
-
Capitol Preservation Fund:
Audit of Fiscal Years 2015, 2016, and 2017 TransactionsGAO-18-524R: Published: Jun 28, 2018. Publicly Released: Jun 28, 2018. -
Senate Preservation Fund:
Audit of Fiscal Years 2015, 2016, and 2017 TransactionsGAO-18-525R: Published: Jun 28, 2018. Publicly Released: Jun 28, 2018.
May 31, 2018
-
Improper Payments:
Actions and Guidance Could Help Address Issues and Inconsistencies in Estimation ProcessesGAO-18-377: Published: May 31, 2018. Publicly Released: May 31, 2018.
May 24, 2018
-
Congressional Award Foundation:
Review of the Audit of the Financial Statements for Fiscal Year 2017GAO-18-465R: Published: May 24, 2018. Publicly Released: May 24, 2018.
May 10, 2018
-
DOD Financial Management:
The Navy Needs to Improve Internal Control over Its BuildingsGAO-18-289: Published: May 10, 2018. Publicly Released: May 10, 2018.
Apr 17, 2018
-
Management Report:
Improvements Needed in the Bureau of the Fiscal Service's Information System ControlsGAO-18-332R: Published: Apr 17, 2018. Publicly Released: Apr 17, 2018.
Apr 5, 2018
-
Management Report:
Areas for Improvement in the Federal Reserve Banks' Information System ControlsGAO-18-334R: Published: Apr 5, 2018. Publicly Released: Apr 5, 2018.
Looking for more? Browse all our products here
Explore our Key Issues on Auditing and Financial Management
- DHS Management - High Risk Issue
- DOD Business Systems Modernization - High Risk Issue
- DOD Financial Management - High Risk Issue
- Federal Financial Accountability
- Medicaid - High Risk Issue
- Medicare - High Risk Issue
- Reducing Government-wide Improper Payments
- U.S. Government's Environmental Liability - High Risk Issue
Explore our other Key Issues here
