ABSTRACT

Defense Real Property: DOD-Wide Strategy Needed to Address Control Issues and Improve Reliability of Records, Report to Congressional Committees   [open pdf - 3MB]

From the Highlights: "DOD manages one of the federal government's largest portfolios of real property. This engagement was initiated in connection with the statutory requirement for GAO [Government Accountability Office] to audit the U.S. government's consolidated financial statements. DOD's uncorrected deficiencies, including those affecting real property, prevent DOD from having auditable financial statements, one of the three major impediments preventing GAO from expressing an opinion on the accrual-based consolidated financial statements of the U.S. government. This report (1) identifies the real property control issues that independent public accountants reported that may affect the ability of the military services to establish and maintain accurate and complete real property records, (2) examines the extent to which DOD had a strategy to address the control issues, and (3) assesses the extent to which DOD provided guidance for the required E&C [existence and completeness] verifications during fiscal year 2019 and how each military service implemented the directive."

Report Number:
GAO-20-615
Publisher:
Date:
2020-09
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: http://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations