Department of Defense Status of Financial Management Weaknesses and Actions Needed to Correct Continuing Challenges

Abstract

This report outlines DOD's most serious financial management weaknesses, describes the resulting impact on the department's ability to effectively carry out its programs and operations, and highlights the efforts underway to address these deficiencies. These actions must be implemented effectively for DOD to be able to (1) properly account for and report (a) billions of dollars of inventory and property, plant, and equipment and (b) national defense assets, primarily weapon systems and support equipment; (2) estimate and report material amounts of environmental and disposal liabilities and their related costs; (3) determine the liability associated with post-retirement health benefits for military employees; (4) accurately report the net costs of its operations; (5) produce accurate budget data; and (6) determine the full extent of improper payments.

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Document Details

Document Type
Technical Report
Publication Date
May 04, 1999
Accession Number
ADA363789

Entities

People

  • Eugene Louis Dodaro

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Biomedical
  • Cyber
  • Ground and Sea Platforms
  • Weapons Technologies

DTIC Thesaurus Topics

  • Accounting
  • Business Administration
  • Contracts
  • Department Of Defense
  • Environmental Restoration And Remediation
  • Financial Management
  • Governments
  • Health Care
  • Information Systems
  • Logistics
  • Management Personnel
  • Materials
  • Military Equipment
  • Money
  • National Security
  • United States
  • United States Government

Readers

  • Defense Financial Management and Audit.
  • Life Cycle Cost Analysis