Financial Accounting at the On-Site Inspection Agency
Abstract
Public Law 103-356 requires DoD to provide consolidated financial statements for FY 1996 to the Office of Management and Budget. Financial data from the On-Site Inspection Agency (OSIA) will be included in the category "Other Defense Organizations" in the consolidated financial statements for DoD. The OSIA received $68.5 million in direct funding during FY 1996 and reported $120 million in assets to the Defense Finance and Accounting Service for FY 1996. Audit Objectives. The audit objective was to assess required internal controls and compliance with laws and regulations to produce reliable financial statements required by the Chief Financial Officers Act. Also, we reviewed supporting documentation for FY 1996 account balances that OSIA submitted to the Defense Finance and Accounting Service, and we tested accounting transactions and account balances to validate the effectiveness of accounting operations and controls.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 15, 1997
- Accession Number
- ADA369684
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense