Reliability of the Defense Commissary Agency Personnel Property Database.
Abstract
This audit was performed to meet the requirements of the Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994. DoD personal property assets represent 40 percent of the Government's personal property assets. Therefore, accurate reporting of the personal property portion of the Property, Plant, and Equipment account is critical to achieving a favorable audit opinion. Personal property consists of items such as vehicles, machinery, tools, and computers. The Office of Management and Budget; the General Accounting Office; the Under Secretary of Defense (Comptroller); and the Inspector General, DoD, jointly developed DoD implementation strategies for accurate reporting. The first implementation strategy addressed the need to conduct tests for existence (to verify that a record in the database has a corresponding item), completeness (to verify that an observed item has a record in the database), and accuracy (to check for documentation supporting the reported value) of the Military Departments' personal property databases. The tests were designed to validate the personal property databases. This report is the second in a series of reports on accounting for property, plant, and equipment. The first report determined that real property databases for the Military Departments contained sufficiently accurate inventories of real property with individual reported values of greater than 100,000. However, the Army had problems with the completeness of its data, and key data elements were not reliable for estimating the historical costs of real property for the Military Departments.
Document Details
- Document Type
- Technical Report
- Publication Date
- Feb 18, 2000
- Accession Number
- ADA373867
Entities
People
- Barbara A. Sauls
- David F. Vincent
- F. J. Lane
- Harold R. Tollefson
- Salvatore D. Guli
Organizations
- Office of the Inspector General, U.S. Department of Defense