Defense Business Operations Fund: Improved Pricing Practices and Financial Reports Are Needed to Set Accurate Prices
AIMD-94-132
Published: Jun 22, 1994. Publicly Released: Jun 22, 1994.
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Highlights
Pursuant to a legislative requirement, GAO provided information on the Department of Defense's process for developing the prices the Defense Business Operations Fund will charge its customers, focusing on: (1) the reasons the Fund's prices have increased; (2) the reasons the Fund continues to experience annual losses; and (3) whether the Fund's financial reports are sufficiently accurate to assist it in developing reasonable prices.
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AccountabilityCost accountingFederal agency accounting systemsFeesFinancial recordsFunds managementIndustrial fundsInternal controlsOverhead costsRevolving funds