Financial Management: The Prompt Payment Act and DOD Problem Disbursements
AIMD-97-71
Published: May 23, 1997. Publicly Released: May 23, 1997.
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Highlights
Pursuant to a congressional request, GAO reviewed whether the Prompt Payment Act of 1982 contributes significantly to Department of Defense (DOD) problem disbursements.
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Accounting proceduresAdministrative costsAppropriation accountsContractor paymentsErroneous paymentsFederal agency accounting systemsFinancial managementLate paymentsNoncompliancePrompt payment discounts