Download or read book Reporting of DOD Inventory and Operating Materials and Supplies on the FY 1997 DOD Consolidated Financial Statements written by and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The overall audit objective was to determine whether the FY 1997 DoD Consolidated Financial Statements were presented fairly in accordance with the Office of Management and Budget Bulletin No. 94-01, "Form and Content of Agency Financial Statements," November 16, 1993, as supplemented by the Office of Management and Budget Bulletin No. 97-01, "Form and Content of Agency Financial Statements," October 16, 1996. On February 27, 1998, we issued a disclaimer of opinion on the FY 1997 DoD Consolidated Financial Statements. We issued our report on internal controls and compliance with laws and regulations on June 22, 1998.

Download or read book Financial Reporting written by United States. General Accounting Office and published by . This book was released on 1997 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Reporting DoD s Fiscal Year 1996 Financial Statements Inventory Reporting Does Not Meet Standards written by and published by . This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: DOD did not fully comply with SFFAS No. 3 in fiscal year 1996. Its consolidated and component financial statements misclassified operating materials and supplies and some equipment as inventory and did not include all operating materials and supplies. For fiscal year 1996, the Army, Navy, and Air Force general fund financial statements collectively reported $115.6 billion of inventory. The Army and Air Force did not report any amounts for operating materials and supplies and the Navy reported only $27,000. One reason for these errors is that DOD'S Guidance on Form and Content of Financial Statements for Fiscal Year 1996 Financial Activity and its accounting policy misinterpreted and were not consistent with the accounting standard. As a result, DOD'S fiscal year 1996 financial statements overstated inventory, understated operating materials and supplies, and overstated expenses.

Download or read book Financial Reporting written by United States. General Accounting Office and published by . This book was released on 1997 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Management written by United States. General Accounting Office and published by . This book was released on 1997 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Inspector General United States Department of Defense Semiannual Report to the Congress October 1 1998 March 31 1999 written by and published by DIANE Publishing. This book was released on with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Defense Inventory Management written by United States. General Accounting Office and published by . This book was released on 1992 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Department of Defense financial audits highlight continuing challenges to correct serious financial management problems written by and published by DIANE Publishing. This book was released on with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Report of the United States Government written by and published by . This book was released on with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Department of Defense status of financial management weaknesses and actions needed to correct continuing challenges written by and published by DIANE Publishing. This book was released on with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Inspector General United States Department of Defense Semiannual Report to the Congress April 1 1997 September 30 1997 written by and published by DIANE Publishing. This book was released on with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Compilation Process for the DOD Consolidated Financial Statements for FY 1997 written by and published by . This book was released on 1998 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Financial Management Act of 1994 requires the Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget, to prepare Government-wide financial statements beginning in FY 1997. Office of Management and Budget and DoD Guidance on Form and Content of Audited Financial Statements requires that amounts reported in the footnotes be consistent with amounts reported as line items of the principal financial statements. In addition, financial information reported in multiple footnotes should be reported consistently throughout the financial statements. The Statement of Financial Position reported total assets of$l.33 trillion and total liabilities of $949 billion for FY 1997. On February 27, 1998 we issued a disclaimer of opinion on the DoD Consolidated Financial Statements for FY 1997. We issued our reports on internal controls and compliance with laws and regulations on June 22, 1998. The overall audit objective was to determine whether the DoD Consolidated Financial Statements for FY 1997 were presented fairly in accordance with Office of Management and Budget Bulletin No. 94-01, "Form and Content of Agency Financial Statements," November 16, 1993, as supplemented by Office of Management and Budget Bulletin No. 97-01, "Form and Content of Agency Financial Statements," October 16, 1996.

Download or read book Accounting for Inventory and Related Property written by United States. Federal Accounting Standards Advisory Board and published by . This book was released on 1993 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Federal Consolidated Financial Statements Can the Federal Government Balance Its Books written by United States. Congress. House. Committee on Government Reform and Oversight. Subcommittee on Government Management, Information, and Technology and published by . This book was released on 1999 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Indexes for Abstracts of Reports and Testimony written by and published by . This book was released on 1998 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Abstracts of Reports and Testimony written by and published by . This book was released on 1996 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book DOD financial management more reliable information key to assuring accountability and managing defense operations more efficiently written by and published by DIANE Publishing. This book was released on 1999 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent audits of the fiscal year 1998 financial statements for DOD and the individual military services, performed by the DOD Inspector General (IG) and the service audit agencies, and our report on the U.S. government's financial statements have highlighted many critical DOD financial management problems. These problems not only hamper the department's ability to produce timely and accurate financial management information, but also significantly impair efforts to improve the economy and efficiency of its operations. Key areas of concern relate to ineffective asset control and accountability, which affects DOD's visibility over weapons systems and inventory, and unreliable cost and budget information, which affects DOD's ability to effectively measure performance, reduce costs, and maintain adequate funds control.