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Financial Management: DOD Progress Payment Distribution Procedures

AIMD-97-107R Published: Jul 21, 1997. Publicly Released: Jul 21, 1997.
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Highlights

Pursuant to a congressional request, GAO provided information on selected Department of Defense (DOD) progress payment accounting methods which are being used, or have been used over the past several years, to distribute contract progress payments, focusing on the differences between and results of each of the progress payment accounting methods.

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Accounting proceduresContract oversightContract progress paymentsContractor paymentsData integrityDepartment of Defense contractorsFederal agency accounting systemsFederal records managementFinancial managementInternal controls