DOD's Financial Management of the Foreign Military Sales Program

Abstract

I am pleased to have this opportunity to comment on the Department of Defense's (DOD) current efforts to improve Foreign Military Sales (FMS) accounting. The financial management of this multibillion dollar program has been the subject of over 50 GAO reports, which have identified a variety of accounting and cost recovery weaknesses over the past 15 years. (Attachment includes a selective listing of these reports.)

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Document Details

Document Type
Technical Report
Publication Date
Jun 04, 1987
Accession Number
AD1175535

Entities

People

  • Frederick D. Wolf

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Air Platforms

DTIC Thesaurus Topics

  • Accounting
  • Accuracy
  • Agreements
  • Air Force
  • Attachment
  • Control Systems
  • Cost Estimates
  • Databases
  • Department Of Defense
  • Export Controls
  • Financial Management
  • Foreign Military Sales
  • Government (Foreign)
  • Governments
  • Money
  • Payment
  • Procurement
  • Security
  • United States
  • United States Government

Readers

  • Defense Acquisition Program Management
  • Government Contracting/Procurement.