A Study of Internal Control and External Auditing of Coast Guard Non- Appropriated Fund Activities
Abstract
The rapid expansion of Coast Guard Non-appropriated Fund operations within the past few years has necessitated the requirement for increased attention to internal control of exchange activities. This thesis describes the major features of an internal control system for Coast Guard NAF activities and provides recommendations concerning selection of an external audit approach to review these systems. A survey of three representative Coast Guard exchanges was conducted to determine current Coast Guard approaches to internal control. Results of the survey indicated that internal control within the NAFA organization could be strengthened through the promulgation of internal control guidelines. An analysis of four alternatives was accomplished to determine the most cost effective approach to external auditing. Although the results of this analysis indicated that use of a national accounting firm appeared to be the most cost effective method of external auditing, it was recommended that further investigation be conducted with additional data prior to selecting an external auditor.
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 01, 1979
- Accession Number
- ADA070227
Entities
People
- Jimmie L. Sether
Organizations
- Naval Postgraduate School