Financial Management Practices in the Military Sealift Command.
Abstract
This audit of the financial management practices at the Military Sealift Command was performed at the request of the Under Secretary of Defense (Comptroller). As part of the audit of financial management practices, the Under Secretary of Defense (Comptroller) requested an assessment of financial reporting, standard operating procedures, and the financial accounting and management systems at the Military Sealift Command. Audit Objectives. The primary audit objective was to assess the financial management practices of the Military Sealift Command, including the financial accounting systems and procedures. Also reviewed was the management control program as it applied to the audit objective; And a limited review of the Financial Management Information System that the Military Sealift Command used. Prior audit reports identified the deficiencies noted in this report and remain relevant. As a result of the continuing deficiencies, we concentrated our efforts on the DoD Interim Migratory Accounting Strategy for selecting an accounting system for the transportation business area. We assessed the DoD Interim Migratory Accounting Strategy's ability to correct the financial management and reporting problems at the Military Sealift Command.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 25, 1998
- Accession Number
- ADA367759
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense