FY 1997 Financial Reporting by The Defense Automated Printing Service.
Abstract
On October 1, 1996, the Defense Automated Printing Service became a separate business area within the Defense Logistics Agency Defense Working Capital Fund to consolidate printing, duplicating, and document automation resources for the DoD. Prior to FY 1997, the Defense Automated Printing Service was a Navy administered activity of the Defense Business Operations Fund. For FY 1997, the Defense Automated Printing Service reported $399.9 million in revenue and $388.0 million in expenses. The Defense Finance and Accounting Service (DFAS) provides accounting services for the Defense Automated Printing Service. The accuracy of information in the financial systems and reported on financial statements is the joint responsibility of the Defense Automated Printing Service and the Defense Logistics Agency. Preparation of the financial statements is the joint responsibility of the Defense Automated Printing Service, the Defense Logistics Agency, and DFAS. The objective of the audit was to determine whether the FY 1997 Defense Automated Printing Service financial data, which were incorporated in the FY 1997 Defense Logistics Agency Defense Working Capital Fund Financial Statements, were presented fairly in accordance with the "other comprehensive basis of accounting" described in Office of Management and Budget Bulletin No. 94-01, "Form and Content of Agency Financial Statements," November 16, 1993, as modified by Office of Management and Budget Bulletin No. 97-01, "Form and Content of Agency Financial Statements," October 16, 1996. We also assessed management controls and compliance with laws and regulations.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 23, 1998
- Accession Number
- ADA367836
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense