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Federal agency accounting systems (1 - 10 of 121 items)
Financial Management: Improvements Needed in the Navy's Reporting of General Fund Inventory
GAO-01-37R: Published: Oct 27, 2000. Publicly Released: Oct 27, 2000.
The Navy improved the reporting of its general fund inventory on its fiscal year 1999 financial statement. The Navy properly accounted for equipment and supplies that were not reported in the prior year's statement, which included inventories held by contractors and the Coast Guard. Improvements in the Navy's financial reporting, however, are still needed. GAO found many errors and omissions that...
Financial Management: Financial Reporting Issues Related to the Navy's Direct Vendor Delivery Initiative
AIMD-00-312R: Published: Sep 13, 2000. Publicly Released: Sep 13, 2000.
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) what level of reporting would be required under a DVD contract to meet accounting and auditing stan...
Department of Defense: Implications of Financial Management Issues
T-AIMD/NSIAD-00-264: Published: Jul 20, 2000. Publicly Released: Jul 20, 2000.
Pursuant to a congressional request, GAO discussed financial management issues at the Department of Defense (DOD).GAO noted that: (1) to date no major part of DOD has yet been able to pass the test of an independent audit--auditors consistently have issued disclaimers of opinion because of pervasive weaknesses in DOD's financial management systems, operations, and controls; (2) such problems led G...
DOD Inventory: Weaknesses in Controls Over Category I Rockets
AIMD-00-62R: Published: Apr 13, 2000. Publicly Released: Apr 13, 2000.
Pursuant to a legislative requirement, GAO reviewed the weaknesses in the Army's internal controls over the Blue Grass Army Depot's category I rockets.GAO noted that: (1) based on information about the causes of the discrepancies identified at the Blue Grass Army Depot, GAO identified the following internal controls weaknesses that resulted in a loss of accountability and control over the category...
Financial Management: Differences in Army and Air Force Disbursing and Accounting Records
AIMD-00-20: Published: Mar 7, 2000. Publicly Released: Mar 7, 2000.
Pursuant to a congressional request, GAO provided information on differences in the Army's and Air Force's disbursing and accounting records, focusing on: (1) if, and to what extent, contract payment transactions recorded in the Army and the Air Force official accounting records differed from mechanization of contract administration services (MOCAS) disbursing system records; (2) the types of diff...
Department of Defense: Status of Financial Management Weaknesses and Actions Needed to Correct Continuing Challenges
T-AIMD/NSIAD-99-171: Published: May 4, 1999. Publicly Released: May 4, 1999.
Pursuant to a congressional request, GAO discussed the status of financial management at the Department of Defense (DOD), focusing on: (1) DOD's most serious financial management weaknesses; (2) the resulting impact on DOD's ability to effectively carry out its programs and operations; and (3) DOD's efforts to address these deficiencies.GAO noted that: (1) as part of the fiscal year (FY) 1998 fina...
Payment Processing: Validation of Receipt and Acceptance
AIMD-99-111R: Published: Apr 14, 1999. Publicly Released: Apr 14, 1999.
Pursuant to a congressional request, GAO provided an interpretation of certain parts of Title 7 of its Policy and Procedures Manual for Guidance of Federal Agencies, focusing on whether it is acceptable: (1) for disbursing officers to authorize payment without reviewing evidence transmitted directly by an authorized employee attesting to the receipt and acceptance of goods and services; (2) for di...
Financial Management: Problems in Accounting for Navy Transactions Impair Funds Control and Financial Reporting
AIMD-99-19: Published: Jan 19, 1999. Publicly Released: Jan 19, 1999.
Pursuant to a legislative requirement, GAO reviewed the effects of in-transit disbursements on the Navy's funds control and financial reporting.GAO noted that: (1) the Navy and the Department of Defense (DOD) have not established adequate funds control as required by the Antideficiency Act; (2) current policies and procedures permit the Navy to delay for about 5 years: (a) the recording of obligat...
Internal Controls: Reporting Air Force Vendor Payment System Weaknesses Under the Federal Managers' Financial Integrity Act
AIMD-99-33R: Published: Dec 21, 1998. Publicly Released: Dec 21, 1998.
GAO provided information on the Department of Defense's (DOD): (1) reporting of the Air Force's vendor payment system weaknesses; and (2) efforts to implement corrective action. GAO made recommendations in its previous report to strengthen payment processing controls, revise vendor payment system access levels, and reduce the number of employees with vendor payment system access.GAO noted that: (1...