DOD Methodology for Estimating the Historic Cost of Inventories

Abstract

The overall audit objective was to evaluate management assertions about the valuation, completeness, and existence of assets in the DoD inventory accounts and to determine whether these accounts were presented fairly and in accordance with Office of Management and Budget Bulletin No. 97-01, Form and Content of Agency Financial Statements, October 16, 1996, as amended on November 20, 1998. For this part of the audit, we evaluated the methodology used by the Under Secretary of Defense (Comptroller) to estimate the historic cost of inventories in the Defense Working Capital Fund. We also evaluated relevant internal controls.

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Document Details

Document Type
Technical Report
Publication Date
Jun 07, 1999
Accession Number
ADA366484

Entities

Organizations

  • Office of the Inspector General, U.S. Department of Defense

Tags

Communities of Interest

  • Human Systems
  • Space
  • Weapons Technologies

DTIC Thesaurus Topics

  • Acquisition
  • Air Force
  • Business Administration
  • Computer Programming
  • Control Systems
  • Data Processing
  • Department Of Defense
  • Financial Management
  • Information Processing
  • Information Systems
  • Inventory Control
  • Logistics
  • Management Personnel
  • Military Standards
  • National Security
  • Navy
  • Personnel Management

Readers

  • Defense Financial Management and Audit.
  • Logistics and Supply Chain Management.