Weaknesses In Accounting For Government-Furnished Materials At Defense Contractors' Plants Lead To Excesses
Abstract
The Defense policy to rely almost solely on contractors for accounting controls over the estimated billions of dollars in materials furnished to them is not effective. GAO's review of four production contractors showed that lack of proper accounting controls led to Defense providing, or initiating shipments of, $1.3 million in material that was over contract allowances. This same problem was noted in prior GAO and Defense reports on overhaul and repair contracts. The Secretary of Defense should require the military services to establish systems which, together with contractors' records, will effectively account for and control Government furnished material.
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 07, 1980
- Accession Number
- AD1177156
Entities
People
- Elmer B. Staats
Organizations
- United States Government Accountability Office