Financial Audit:
DOD Mission Asset Existence Verification
AIMD-98-196R: Published: May 29, 1998. Publicly Released: May 29, 1998.
Additional Materials:
- Full Report:
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Pursuant to a congressional request, GAO reviewed key aspects of the work that was done throughout the Army, the Navy, and the Air Force to verify the existence of military equipment as part of the fiscal year 1997 financial statement audit.
GAO noted that: (1) in June 1997, the Department of Defense Inspector General, the Army Audit Agency, the Air Force Audit Agency, the Naval Audit Service, and GAO began a cooperative effort to test the recorded number of items of military equipment in each of the military services; (2) the asset verification site visits were conducted from September 1997 through November 1997; (3) tests in the Navy involved seven categories of military equipment; (4) 8 of the Navy's 11 asset categories passed the existence test within established tolerances; (5) the remaining three categories had errors which exceeded the pre-established tolerances; (6) the sample of Army equipment was taken from property records at the unit level, not its central logistics system, using a two-stage sampling process; (7) tests in the Army involved five categories of military equipment; (8) each Army category passed its existence test within established tolerances at the unit level; (9) tests in the Air Force involved four categories of equipment; and (10) each Air Force asset category passed its existence test within established tolerances.
Feb 18, 2021
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Financial Audit:
Federal Deposit Insurance Corporation Funds' 2020 and 2019 Financial StatementsGAO-21-284R: Published: Feb 18, 2021. Publicly Released: Feb 18, 2021.
Nov 16, 2020
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Financial Audit:
Bureau of Consumer Financial Protection's FY 2020 and FY 2019 Financial StatementsGAO-21-174R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
Financial Audit:
Federal Housing Finance Agency's FY 2020 and FY 2019 Financial StatementsGAO-21-201R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
Financial Audit:
Securities and Exchange Commission's FY 2020 and FY 2019 Financial StatementsGAO-21-192R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020.
Nov 10, 2020
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Financial Audit:
IRS's FY 2020 and FY 2019 Financial StatementsGAO-21-162: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020. -
Financial Audit:
Office of Financial Stability's (Troubled Asset Relief Program) FY 2020 and FY 2019 Financial StatementsGAO-21-173R: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020.
Nov 9, 2020
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Financial Audit:
Bureau of the Fiscal Service's FY 2020 and FY 2019 Schedules of Federal DebtGAO-21-124: Published: Nov 9, 2020. Publicly Released: Nov 9, 2020.
Nov 6, 2020
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FY 2020 Excise Tax:
Agreed-Upon Procedures Related to Distributions to Trust FundsGAO-21-163R: Published: Nov 6, 2020. Publicly Released: Nov 6, 2020.
Oct 13, 2020
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DOD Financial Management:
Continued Efforts Needed to Correct Material Weaknesses Identified in Financial Statement AuditsGAO-21-157: Published: Oct 13, 2020. Publicly Released: Oct 13, 2020.
Sep 30, 2020
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Financial Management:
DOD Needs to Implement Comprehensive Plans to Improve Its Systems EnvironmentGAO-20-252: Published: Sep 30, 2020. Publicly Released: Sep 30, 2020.
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