Defense Logistics Agency Actions to Improve Property, Plant, and Equipment Financial Reporting

Abstract

The primary objective of the audit was to determine whether the property, plant, and equipment accounts on the FY 1996 Consolidated Financial Statements of the Defense Business Operations Fund 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. A subobjective was to evaluate whether the DLA implemented corrective actions recommended by previous Inspector General, DoD, reports on the capitalization and reporting of its property, plant, and equipment. We also assessed management controls and compliance with laws and regulations as applicable to the audit objective.

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Document Details

Document Type
Technical Report
Publication Date
May 29, 1997
Accession Number
ADA369443

Entities

People

  • Eric T. Thacker
  • F. J. Lane
  • James L. Kornides
  • John K. Issel
  • Walter J. Carney

Organizations

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

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Accounting
  • Acquisition
  • Air Force
  • Commerce
  • Control Systems
  • Department Of Defense
  • Finance
  • Financial Management
  • Governments
  • Industrial Plants
  • Inventory
  • Materials
  • Materials Handling
  • Materials Handling Equipment
  • Military Operations
  • National Security
  • Navy

Readers

  • Aviation Safety Risk Assessment.
  • Organizational Process Management (OPM).
  • Personnel Management and Statistics in the Military and Department of Defense