Consolidated Statement of Financial Position of the Defense Business Operations Fund for FY 1993

Abstract

The objectives of the audit were to determine whether the Fund Balance with Treasury; Inventory Held for Sale, Net; Inventory Not Held for Sale; and Property, Plant and Equipment accounts as presented on the Statement of Financial Position of the Defense Business Operations Fund for FY 1993 were fairly presented in accordance with Office of Management and Budget Bulletin No. 94-01, "Form and Content of Agency Financial Statements," November 16, 1993. We also determined whether internal controls over the Fund were adequate to ensure that the financial statements were free of material error and assessed compliance with laws and regulations for transactions and events that have a direct and material effect on the financial statements. In addition, we identified improvements to the financial statement process that could provide beneficial data to program managers and other users of the financial statements and followed up on conditions noted in our previous audit of the Fund's financial statements.

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Document Details

Document Type
Technical Report
Publication Date
Jun 30, 1994
Accession Number
ADA375111

Entities

People

  • John M. Seeba
  • Raymond D. Kidd
  • Russell A. Rau
  • Terry L. Mckinney
  • Virginia A. Bonds

Organizations

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

Tags

Communities of Interest

  • Space
  • Weapons Technologies

DTIC Thesaurus Topics

  • Accounting
  • Acquisition
  • Air Force Facilities
  • Application Software
  • Commerce
  • Control Systems
  • Department Of Defense
  • Financial Management
  • Industrial Plants
  • Information Systems
  • Inventory
  • Law
  • Logistics
  • Money
  • National Security
  • Office Personnel
  • Reliability

Fields of Study

  • Business

Readers

  • Defense Financial Management and Audit.