Financial Management: The Prompt Payment Act and DOD Problem Disbursements

AIMD-97-71 Published: May 23, 1997. Publicly Released: May 23, 1997.

Highlights

Pursuant to a congressional request, GAO reviewed whether the Prompt Payment Act of 1982 contributes significantly to Department of Defense (DOD) problem disbursements.

Full Report

Full Report (18 pages)

Office of Public Affairs

Chuck Young

Managing Director

youngc1@gao.gov

(202) 512-4800

Topics

Auditing and Financial Management

Accounting proceduresAdministrative costsAppropriation accountsContractor paymentsErroneous paymentsFederal agency accounting systemsFinancial managementLate paymentsNoncompliancePrompt payment discounts