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.
Recent legislation requires that, beginning in October 2001, the Defense Department (DOD) collect procurement data on purchases of information technology (IT) products and services worth more than $100,000. DOD is required to issue its first annual report to Congress by March 2001.
GAO provided information on how a Direct Vendor Delivery (DVD) contract would affect the Navy's financial reporting, focusing on: (1) whether accounting and auditing standards would require DVD contractors to report individual transactions through the Transaction Item Reporting (TIR) system; and (2)...
Pursuant to a congressional request, GAO provided information on the Department of Defense's (DOD) inventory management, focusing on the: (1) extent to which orders exceeded requirements when the orders were placed; and (2) processes for cancelling orders that exceeded requirements.
GAO reviewed the Navy's records retention and financial disbursements, focusing on the Navy's application of a Department of Defense (DOD) Financial Management Regulation (FMR) which calls for copies of disbursing officer records to be destroyed after 1 year.
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.