GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
What GAO Found The Navy has made progress in performing audit readiness activities, including developing a financial improvement plan (FIP) for its Fund Balance with Treasury (FBWT). These activities are critical to the Navy's General Fund Statement of Budgetary Resources (SBR) improvement efforts.
Pursuant to a congressional request, GAO reviewed how the Foreign Military Sales program safeguards technology and arms transfers, focusing on the: (1) process for deciding what technology may be transferred as part of a sale through the program; (2) controls for ensuring that technology transfer considerations...
Pursuant to a congressional request, GAO reviewed the Department of Defense's accounting for and reporting on the costs of the foreign military sales (FMS) program, focusing on whether the Navy has properly charged its FMS customers for goods and services already provided.
GAO provided information on the Department of Defense's efforts to recover the nonrecurring research, development, and production costs from its Foreign Military Sales (FMS) Program trust fund for items that were delivered to FMS customers.
Pursuant to a congressional request, GAO reviewed the Department of Defense's (DOD) ability to account for and report on the full costs of the foreign military sales (FMS) program, focusing on DOD's: (1) recoupment of monies owed by FMS customers for the U.S.
GAO reviewed the Department of the Navy's fiscal year 1986 Consolidated Report on Financial Position to determine its compliance with GAO and Department of the Treasury annual financial reporting requirements.