Prevalidation of Intergovernmental Transactions
Abstract
The audit was performed in response to an allegation to the Defense Hotline. The complainant alleged that Defense Finance and Accounting Service Norfolk stopped prevalidating payments for naval shipyards based on guidance from Defense Finance and Accounting Service Arlington. The prevalidation of payments requires the matching of disbursements to corresponding obligations in the official accounting records before the actual payment is made. Payments that are not prevalidated may result in improper payments. Intergovernmental transactions result when one Federal agency makes payments to another Federal agency or makes a payment on behalf of another Federal agency and requests reimbursement for such payment. The Department of the Treasury's On-Line Payment and Collection system is a standardized billing, transfer, and adjustment process for processing intergovernmental transactions. Clearing accounts temporarily hold collections or disbursements pending identification of the transactions to the applicable receipt or expenditure budgetary account. A suspense account is a type of clearing account.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 06, 2001
- Accession Number
- ADA391608
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense