Defense Finance and Accounting Service Work on the FY 1993 Air Force Defense Business Operations Fund Financial Statements
Abstract
Our original audit objective was to determine whether the Air Force Consolidated Defense Business Operations Fund financial statements, prepared by the DFAS Denver Center for FY 1993, were presented fairly in accordance with accepted accounting principles. The objective was revised to correspond with the incremental audit approach that DoD audit organizations were using for the Defense Business Operations Fund' 5 financial statements. Using the incremental audit approach, we reviewed four major asset accounts for FY 1993. Our audit work complemented the Air Force Audit Agency' 5 audit of the Air Force' 5 Defense Business Operations Fund financial statements for FY 1993. Specifically, we performed the reviews and tests necessary to assess the accuracy of financial data, the adequacy of internal controls, and compliance with laws and regulations. We also evaluated procedures that the DFAS Denver Center used to prepare consolidated financial statements.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 11, 1995
- Accession Number
- ADA373398
Entities
People
- David C. Funk
- Harold J. Simmons
- Mark A. Ives
- Russell A. Rau
- Thomas J. Winter
Organizations
- Office of the Inspector General, U.S. Department of Defense