Journal Voucher Adjustments and Processing of Data for the FY 1998 Navy General Fund Financial Statements.
Abstract
This the second report on the Department of the Navy General Fund financial statements. Inspector General, DOD, Report No. 99-092, "Oversight of the Naval Audit Service Audit of the Navy General Fund Financial Statements for FY 1998," March 1, 1999, addressed our oversight of the financial statement audit conducted by the Naval Audit Service, and endorsed the disclaimer of opinion issued by the Naval Audit Service. The Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994, requires the Inspector General, DOD, to audit the financial statements of DOD organizations in accordance with generally accepted Government auditing standards, but allows for the delegation of audit work. The Inspector General, DOD, delegated the audit of the FY 1998 Navy General Fund financial statements to the Naval Audit Service. We performed audit work on the compilation of the FY 1998 Navy General Fund financial statements at the Defense Finance and Accounting Service Cleveland Center, Cleveland, Ohio, where the Navy accounting records are maintained and financial statements are prepared. For FY 1998, the Navy General Fund reported assets of $104,6 billion and liabilities of $8.8 billion. The Navy also reported a net cost of operations of $73.4 billion and total outlays of $78.8 billion.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 07, 1999
- Accession Number
- ADA366388
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense