Skip to main content

Lapse in Appropriations

Please note that a lapse in appropriations has caused GAO to shut down its operations. Therefore, GAO will not be able to publish reports or otherwise update this website until GAO resumes operations. In addition, the vast majority of GAO personnel are not permitted to work. Consequently, calls or emails to agency personnel may not be returned until GAO resumes operations. For details on how the bid protest process will be handled during the shutdown, please see the legal decisions page. For information related to the GAO Personnel Appeals Board (PAB), please see the PAB webpage.

DOD Financial Management: Improper Use of Foreign Currency Fluctuations Account

NSIAD-86-173 Published: Jul 11, 1986. Publicly Released: Aug 05, 1986.
Jump To:

Highlights

In response to a congressional request, GAO: (1) reviewed the Department of Defense (DOD) Foreign Currency Fluctuations, Defense (FCFD) account; (2) analyzed the need and justifications for transactions involving FCFD; (3) determined the source and type of funds being transferred into FCFD; and (4) determined the impact of the Balanced Budget and Emergency Deficit Control Act of 1985 on FCFD.

Full Report

Full Report (16 pages)

Media Inquiries

Sarah Kaczmarek
Managing Director
Office of Public Affairs
media@gao.gov

Public Inquiries

Contact Us

Topics

National Defense
Accounting proceduresDefense budgetsDeficit reductionFinancial managementForeign currency accounts (Treasury)Unobligated budget balancesForeign currencyForeign exchange ratesMilitary forcesAccounting records