Consolidation Process for FY 1997 Financial Statements for Other Defense Organizations.
Abstract
This audit was performed in response to the Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994, which requires DoD and other Government agencies to prepare consolidated financial statements for FY 1996 and each succeeding year. The DoD Consolidated Financial Statements for FY 1997 include financial statements for a reporting entity entitled "Other Defense Organizations." This entity represents a consolidation of financial information from various Defense organizations, funds, and accounts that use the Treasury Index 97 symbol. During FY 1997, the 44 Defense entities included in Other Defense Organizations received $39.1 billion in direct appropriations, and their financial statements showed total assets of $46.5 billion and liabilities of $222.2 billion. Audit Objectives. The overall objective was to assess internal controls and compliance with laws and regulations. Specifically we reviewed the processes used to gather, generate, and incorporate financial information into the financial statements for Other Defense Organizations. We also evaluated the effect of noncompliant actions on the FY 1997 financial statements.
Document Details
- Document Type
- Technical Report
- Publication Date
- Oct 06, 1998
- Accession Number
- ADA367761
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense