Implementation of the Defense Property Accountability System
Abstract
We conducted the audit in response to a request by the Under Secretary of Defense (Comptroller). Our audit focused on the Defense Property Accountability System, which was selected as the DoD migratory system to remedy the systemic weakness identified in the FY 1997 DoD Annual Statement of Assurance on the unreliable financial reporting of personal and real property. The Defense Property Accountability System was intended to be an integrated accounting and logistics system that provides general ledger control and depreciation schedule information to financial systems, thus establishing financial control over personal and real property. The Defense Reform initiative, "The Business Strategy for Defense in the 21st Century,"" November 1997, transferred the Defense Property Accountability System from the Under Secretary of Defense (Comptroller) to the Defense logistics Agency. Audit Objectives. The overall audit objective was to evaluate the capabilities of the Defense Property Accountability System to provide custodial and financial accountability for personal and real property. We were unable to review the capabilities of the Defense Property Accountability System to support auditable financial statements in compliance with the Chief Financial Officers Act and the Government Management Reform Act of 1994. We also reviewed the adequacy of the management control program as applicable to the overall audit objective.
Document Details
- Document Type
- Technical Report
- Publication Date
- May 18, 1998
- Accession Number
- ADA367897
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense