Foreign Military Sales:
Air Force Efforts to Develop an FMS Accounting System
AFMD-90-82FS: Published: Aug 8, 1990. Publicly Released: Sep 7, 1990.
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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.
Nov 16, 2020
Financial Audit:
Bureau of Consumer Financial Protection's FY 2020 and FY 2019 Financial StatementsGAO-21-174R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020.-
Financial Audit:
Federal Housing Finance Agency's FY 2020 and FY 2019 Financial StatementsGAO-21-201R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
Financial Audit:
Securities and Exchange Commission's FY 2020 and FY 2019 Financial StatementsGAO-21-192R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020.
Nov 10, 2020
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Financial Audit:
IRS's FY 2020 and FY 2019 Financial StatementsGAO-21-162: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020. -
Financial Audit:
Office of Financial Stability's (Troubled Asset Relief Program) FY 2020 and FY 2019 Financial StatementsGAO-21-173R: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020.
Nov 9, 2020
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Financial Audit:
Bureau of the Fiscal Service's FY 2020 and FY 2019 Schedules of Federal DebtGAO-21-124: Published: Nov 9, 2020. Publicly Released: Nov 9, 2020.
Nov 6, 2020
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FY 2020 Excise Tax:
Agreed-Upon Procedures Related to Distributions to Trust FundsGAO-21-163R: Published: Nov 6, 2020. Publicly Released: Nov 6, 2020.
Oct 13, 2020
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DOD Financial Management:
Continued Efforts Needed to Correct Material Weaknesses Identified in Financial Statement AuditsGAO-21-157: Published: Oct 13, 2020. Publicly Released: Oct 13, 2020.
Sep 30, 2020
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Financial Management:
DOD Needs to Implement Comprehensive Plans to Improve Its Systems EnvironmentGAO-20-252: Published: Sep 30, 2020. Publicly Released: Sep 30, 2020.
Sep 9, 2020
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Defense Real Property:
DOD-Wide Strategy Needed to Address Control Issues and Improve Reliability of RecordsGAO-20-615: Published: Sep 9, 2020. Publicly Released: Sep 9, 2020.
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