Independent CPA Audit of Military Traffic Management Command
AFMD-93-26ML
Published: Nov 19, 1992. Publicly Released: Nov 19, 1992.
Skip to Highlights
Highlights
GAO reviewed an independent accounting firm's audit of the Military Traffic Management Command (MTMC). GAO concurred with the firm's findings that MTMC did not properly record: (1) accounts payable; (2) year-end accruals; (3) contingent liabilities; or (4) accounts receivable. GAO also found that MTMC did not: (1) account for or reconcile fixed assets; or (2) record lumber returned to inventory.
Full Report
Office of Public Affairs
Topics
Accounting proceduresArmy suppliesAuditing standardsDefense auditsFederal agency accounting systemsFinancial managementInternal controlsInventory controlReporting requirementsMilitary forces