Air Mobility Command Financial Reporting of Property, Plant, and Equipment.
Abstract
This is the first in a series of reports from our audit of the Property, Plant, and Equipment Accounts in the FY 1996 Financial Statements of the Defense Business Operations Fund. The Air Mobility Command is a subordinate command of the U.S. Transportation Command. In 1987, the Secretary of Defense established the U. S. Transportation Command as a unified command to integrate global air, land, and sea transportation. The Air Mobility Command is the largest component of the U.S. Transportation Command. The Air Mobility Command's mission is to air lift passengers and cargo for DoD and other authorized users. In FY 1996, the Air Mobility Command was expected to generate $2.4 billion in revenue, which represented over half of the U.S. Transportation Command's $4 billion in expected revenue. In the beginning balance for FY 1996 Defense Business Operations Fund financial statements, the Air Mobility Command reported $ 1.1 billion of Property, Plant, and Equipment. The objective of this part of the audit was to determine whether the Air Mobility Command and the Defense Finance and Accounting Service Denver Center took sufficient action to improve the accuracy of the amounts that the Defense Business Operations Fund financial statements showed for the Air Mobility Command's property, plant, and equipment.
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 19, 1997
- Accession Number
- ADA369507
Entities
People
- F. J. Lake
- James L. Kornides
- John K. Issel
- Susanne B. Allen
- Terry D. Holdren
Organizations
- Office of the Inspector General, U.S. Department of Defense