DOD's FMFIA Assertions

AFMD-93-61R: Published: Apr 27, 1993. Publicly Released: Apr 27, 1993.

Additional Materials:


Office of Public Affairs
(202) 512-4800

GAO reviewed the Department of Defense's (DOD) fiscal year (FY) 1992 Federal Managers' Financial Integrity Act (FMFIA) report. GAO noted that: (1) the FY 1992 FMFIA report overstates the effectiveness of DOD internal controls and financial systems and is inconsistent with GAO audit reports; (2) the DOD report identifies 116 material internal control weaknesses in major DOD resource areas such as contract administration, system acquisition, and property management; (3) there are extremely serious accounting control weaknesses in the military services' operations and the Defense Business Operations Fund's activities; (4) DOD accounting systems do not comply with accounting principles and standards; (5) FMFIA managerial self-assessments have not identified serious internal control weaknesses; (6) DOD has not addressed the root causes of its internal control problems, such as staff failure to carry out existing control procedures; and (7) in addition to improving its financial management systems, DOD needs to build a strong financial management team to achieve the initiatives and cost savings it has promulgated.

Jul 18, 2018

Jul 17, 2018

Jul 16, 2018

Jun 28, 2018

May 31, 2018

May 24, 2018

May 10, 2018

Apr 17, 2018

Apr 5, 2018

Looking for more? Browse all our products here