Financial Reporting for the Defense Logistics Agency - General Funds at Defense Finance and Accounting Service Columbus
Abstract
This audit was performed in response to the Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994, which requires DoD and other Government agencies to prepare audited financial statements. The DoD Agency-wide financial statements include a reporting entity entitled Other Defense Organizations-General Funds. This entity represents a consolidation of financial information from various Defense organizations and funds that use the Treasury Index 97 symbol. This audit focused on abnormal trial balances at Defense Finance and Accounting Service Columbus for the Defense Logistics Agency. As of March 31, 2001, trial balances prepared by Defense Finance and Accounting Service Columbus included net abnormal balances of $54.4 million, of which $23.9 million was for the Defense Logistics Agency-General Funds. We reviewed five general ledger accounts with the largest net abnormal balances, totaling $20.9 million (finding A). We audited the financial reporting procedures that Defense Finance and Accounting Service Columbus used to report on Treasury Index 97 funds.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 18, 2002
- Accession Number
- ADA398525
Entities
People
- Jonathan R. Witter
- Marvin L. Peek
- Paul J. Granetto
- Richard B. Bird
- Sandra L. Fisset
Organizations
- Office of the Inspector General, U.S. Department of Defense