Unresolved Cost Accounting Standard 409 Noncompliance Issues at FMC and Northrop Corporation
NSIAD-83-13
Published: Jul 26, 1983. Publicly Released: Jul 26, 1983.
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Highlights
GAO summarized its review of certain unresolved issues involving Cost Accounting Standard (CAS) 409, the depreciation of tangible assets, at FMC's Ordnance Division and Northrop Corporation's Aircraft Division.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| Department of Defense | The Secretary of Defense should take action to resolve these issues. |
Closed – Implemented
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
|
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Topics
AccountingContract costsContractorsFinancial analysisProperty depreciationDepreciationRegulatory noncomplianceAircraftMunitionsCost accounting