ABSTRACT

Department of Defense: Actions Needed to Improve Accounting of Intradepartmental Transactions, Report to the Honorable Jackie Speier, House of Representatives   [open pdf - 2MB]

From the Highlights: "Since 1995, GAO [Government Accountability Office] has designated DOD financial management as high risk because of pervasive weaknesses in its financial management systems, controls, and reporting. DOD's longstanding intradepartmental eliminations material weakness reflects DOD's inability to adequately record and reconcile its intradepartmental transactions, and has affected DOD's ability to prepare auditable financial statements. GAO was asked to evaluate DOD's process for performing intradepartmental eliminations. This report examines the extent to which DOD has (1) identified and taken steps to address issues related to intradepartmental eliminations and (2) established and implemented policies and procedures related to intradepartmental eliminations."

Report Number:
GAO-21-84
Publisher:
Date:
2021-01
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: http://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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