Internal Control Reviews Conducted at Army's 5th Regional Finance and Accounting Office and V Corps Locations

AFMD-93-6ML: Published: Jan 5, 1993. Publicly Released: Jan 27, 1993.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

GAO reviewed the Army's Regional Finance and Accounting Office's financial management systems and operations. GAO found that: (1) internal controls were ineffective and failed to reflect all year-end account balances; (2) the Army understated the value of nontactical equipment by nearly $39 million due to its failure to follow established reporting requirements; (3) computer system coding errors resulted in unreliable stock-funded inventory reporting; (4) ineffective controls over travel voucher preparations, blank treasury checks and cash accounting, and time, attendance, and payroll deduction computations could result in losses or fraud; and (5) the Army needed to increase internal accounting controls to ensure proper accountability and protection of resources.

Sep 28, 2018

Sep 20, 2018

Sep 17, 2018

Sep 12, 2018

Sep 5, 2018

Aug 30, 2018

Aug 27, 2018

Aug 15, 2018

Jul 30, 2018

Jul 26, 2018

Looking for more? Browse all our products here