Download or read book Financial Management written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-04-23 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: AFMD-92-47 Financial Management: Internal Control Weaknesses Impede Air Force's Budgeting for Repairable Items

Download or read book Financial Management Internal Control Weaknesses Impede Air Force s Budgeting for Repairable Items written by United States. General Accounting Office and published by . This book was released on 1992 with total page 72 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 1992 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Audit Air Force Does Not Effectively Account for Billions of Dollars of Resources written by United States. General Accounting Office and published by . This book was released on 1990 with total page 116 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 1992 with total page 424 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 1993 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Systems written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO assessed whether Air Force financial systems provide F-15 aircraft managers with the tools they need to better account for and more efficiently manage the costs of reparable parts, aviation fuel, and depot operations. GAO found that: (1) the Air Force Visibility and Management of Operations and Support Costs system's data were not sufficiently accurate, timely, or detailed; (2) the Air Force's financial management systems do not provide cost information on aircraft reparable parts or timely, complete, and accurate information on aviation fuel usage; (3) financial management systems at the Warner Robins Air Logistics Center did not provide accurate cost data about repairing and modifying individual F-15 aircraft, primarily because of weak internal controls; (4) Warner Robins used excessive standard labor hours to bill and budget for modification work, resulting in overcharges to aircraft procurement funds during fiscal year (FY) 1991 and overstated budgets for the installation of modifications; (5) the F-15 repair program lost about $8.7 million in FY 1991; and (6) Warner Robins incorrectly made materiel charges for individual aircraft to overhead instead of specific jobs.

Download or read book Department of Defense Authorization for Appropriations for Fiscal Year 1994 and the Future Years Defense Program written by United States. Congress. Senate. Committee on Armed Services and published by . This book was released on 1993 with total page 1238 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Systems written by United States. General Accounting Office and published by . This book was released on 1992 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Monthly Catalog of United States Government Publications written by United States. Superintendent of Documents and published by . This book was released on 1993 with total page 1192 pages. Available in PDF, EPUB and Kindle. Book excerpt: February issue includes Appendix entitled Directory of United States Government periodicals and subscription publications; September issue includes List of depository libraries; June and December issues include semiannual index

Download or read book Financial Audit written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO reviewed the Air Force's base-level financial management operations for fiscal years (FY) 1988 and 1989, focusing on weaknesses in internal controls and financial reporting within the bases and related commands. GAO found that the: (1) Air Force's base-level General Accounting and Finance System routinely generated inaccurate financial information that totalled over $2.7 billion in FY 1988 and 1989; (2) base and command personnel failed to perform analytical reviews of account balances, resulting in widespread instances of inaccurate and incomplete financial data; (3) European base staff attributed significant undetected or uncorrected accounting errors in account balances to poorly trained personnel and careless accounting practices; (4) the new Combat Ammunition System failed to report inventory balances in the base-level general ledger system, causing a $115.7-million understatement of ammunition inventories; (5) bases failed to report accurate real property account balances because they incorrectly recorded construction in progress and did not timely process real property transactions; (6) base-level personnel did not always properly receive, issue, and account for equipment and inventory items; and (7) bases failed to compare master payroll files with master personnel records to ensure that payments were appropriate and accurate.

Download or read book Financial Management written by Jeffrey C. Steinhoff and published by . This book was released on 1998 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: As illustrated by two cases in which officials with contracting responsibilities tried to steal or embezzle more than $1 million, lax internal controls over the Air Force's vendor payment system--primarily the lack of segregation of duties among individuals--have left Air Force funds vulnerable to fraudulent and improper payments. As of June 1998, more than 1,800 employees of the Air Force and the Defense Finance and Accounting Service had a level of access to the vendor payment system that allowed them to enter contract information, including the contract number, delivery orders, modifications, and obligations, as well as invoice and receiving report information and remittance addresses. No single person should be able to control all key aspects of a transaction without appropriate compensating controls. This level of access allowed these employees to submit all the information needed to create fraudulent and improper payments. At the same time, the automated vendor payment system was plagued by computer security weaknesses, including inadequate password controls. Missing records, another indicator of weak internal controls, prevented GAO from reconstructing the complete history of the two Air Force contracts associated with fraud at Bolling Air Force Base. GAO also was unable to determine whether the Air Force received the goods and services paid for under these contracts because, in addition to missing records, several improper procedures were followed for receipt and control of equipment and services paid for under the contracts. This testimony summarizes the September 1998 report, GAO/AIMD-98-274.

Download or read book Monthly Catalogue United States Public Documents written by and published by . This book was released on 1993 with total page 1194 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Internal Controls written by United States. General Accounting Office. Accounting and Information Management Division and published by . This book was released on 1998 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Auditing and Financial Management written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-08 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO reviewed the Air Force's continuing efforts to implement and comply with the Federal Managers' Financial Integrity Act (FMFIA) and assessed: (1) its progress in improving internal controls and accounting systems' compliance evaluations; and (2) the adequacy of the basis for the Air Force's letter to the Secretary of Defense, which stated that the objectives of FMFIA had been met. GAO found that the Air Force has: (1) improved its internal control systems; (2) made progress toward correcting weaknesses; (3) improved its evaluation programs; and (4) established the overall framework for an effective program. However, more improvements are needed before it will have an adequate basis for determining that its internal controls, taken as a whole, comply with the requirements of FMFIA. To enhance its future basis for determining the overall status of its internal controls for reporting compliance with the requirements, the Air Force needs to improve: (1) guidance for performance and documentation of internal control reviews (ICR) and vulnerability assessments; (2) coverage of automatic data processing (ADP) application controls; (3) quality assurance reviews; (4) evaluation and testing of accounting systems in operation; and (5) analysis of its fiduciary and management accounting capabilities in nonconforming systems.

Download or read book Internal Controls Reporting Air Force Vendor Payment System Weaknesses Under The Fed Managers Financial Integrity Act 161494 U S GAO December 21 1998 written by and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Management Improvements Needed in Air Force Vendor Payment Systems Controls 161201 U S GAO written by and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: As illustrated by two cases in which officials with contracting responsibilities tried to steal or embezzle more than $1 million, lax internal controls over the Air Force's vendor payment system--primarily the lack of segregation of duties among individuals--have left Air Force funds vulnerable to fraudulent and improper payments. As of June 1998, more than 1,800 employees of the Air Force and the Defense Finance and Accounting Service had a level of access to the vendor payment system that allowed them to enter contract information, including the contract number, delivery orders, modifications, and obligations, as well as invoice and receiving report information and remittance addresses. No single person should be able to control all key aspects of a transaction without appropriate compensating controls. This level of access allowed these employees to submit all the information needed to create fraudulent and improper payments. At the same time, the automated vendor payment system was plagued by computer security weaknesses, including inadequate password controls. Missing records, another indicator of weak internal controls, prevented GAO from reconstructing the complete history of the two Air Force contracts associated with fraud at Bolling Air Force Base. GAO also was unable to determine whether the Air Force received the goods and services paid for under these contracts because, in addition to missing records, several improper procedures were followed for receipt and control of equipment and services paid for under the contracts. GAO summarized this report, along with GAO/OSI-98-15, in testimony before Congress; see: Financial Management: Improvements Needed in Air Force Vendor Payment Systems and Controls, by Jeffrey C. Steinhoff, Director of Planning and Reporting in the Accounting and Information Management Division, before the Subcommittee on Administrative Oversight and the Courts, Senate Committee on the Judiciary. GAO/T-AIMD-98-308, Sept. 28 (17 pages).