Department of the Army's Spare Parts Procurement and Repair Contract: Audit of Costs Incurred by Lockheed Martin Integrated Systems

Abstract

SIGARs financial audit, performed by Mayer Hoffman McCann (MHM), reviewed $50,224,601 in reimbursable costs incurred on the contract between September 28, 2013, and September 28, 2015. The objectives of the audit were to: (1) identify and report on significant deficiencies and material weaknesses in Lockheeds internal controls related to the contract; (2) identify and report on instances of material noncompliance with the terms of the contract and applicable laws and regulations, including any potential fraud or abuse; (3) determine and report on whether Lockheed has taken corrective action on prior findings and recommendations; and (4) express an opinion on the fair presentation of Lockheeds Special Purpose Financial Statement. See MHMs report for the precise audit objectives.

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Document Details

Document Type
Technical Report
Publication Date
Jan 01, 2018
Accession Number
AD1139865

Entities

Organizations

  • Special Inspector General for Afghanistan Reconstruction

Tags

Communities of Interest

  • Weapons Technologies

DTIC Thesaurus Topics

  • Afghanistan
  • Air Force
  • Auditing
  • Contractors
  • Contracts
  • Deficiencies
  • Governments
  • Integrated Systems
  • Language
  • Law
  • Materials
  • National Governments
  • New Jersey
  • Procurement
  • Spare Parts
  • Standards
  • United States

Readers

  • Defense Financial Management and Audit.