Report on the Audit of Foreign Military Sales Trust Fund Disbursement Reporting

Abstract

This is our final report on the Audit of Foreign Military Sales Trust Fund Disbursement Reporting, provided for your information and use. The audit was made from August 1990 through March 1991. The overall objective of the audit was to determine whether disbursements from the Foreign Military Sales (FMS) Trust Fund were promptly and accurately reported to the Defense Finance and Accounting Service - Denver Center, formerly the Security Assistance Accounting Center (SAAC). Specifically, we evaluated the quality of the documentation and determined whether finance and accounting offices reported disbursements with sufficient detail to identify the country and case. We also evaluated internal controls established by applicable DOD Components and determined whether the audited activities corrected reporting errors promptly. In addition, we evaluated the Defense Logistics Agency's (DLA's) implementation of the internal management control program required by the Federal Managers' Financial Integrity Act (FMFIA) as it pertained to the audit objectives.

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Document Details

Document Type
Technical Report
Publication Date
Sep 11, 1991
Accession Number
ADA378998

Entities

Organizations

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

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Accounting
  • Air Force
  • Air Force Facilities
  • Comptrollers
  • Congress
  • Department Of Defense
  • Disbursements
  • Finance
  • Financial Management
  • Foreign Military Sales
  • Government (Foreign)
  • Governments
  • Logistics
  • National Security
  • Navy
  • Security
  • United States

Fields of Study

  • Business

Readers

  • Defense Financial Management and Audit.