Independent Auditor's Report on the Attestation of the Existence, Completeness, Rights and Obligations, and Presentation and Disclosure of the Department of the Navy's Ordnance
Abstract
We have examined management s assertion of audit readiness1 for the existence, completeness, rights and obligations, and presentation and disclosure of the Department of the Navy s (DON s)2 ordnance as of June 30, 2013. The DON limited its assertion by excluding ordnance in the physical custody of the Army on February 28, 2013, and we excluded ordnance outside the contiguous United States and on ships and submarines.3 DON management is responsible for its assertion of audit readiness. Our responsibility is to express an opinion on the assertion based on our examination. We conducted our examination in accordance with attestation standards established by the American Institute of Certified Public Accountants and generally accepted government auditing standards as stated in the Government Accountability Office s Government Auditing Standards, December 2011. Those standards require examining, on a test basis, evidence supporting the DON s assertion of audit readiness of the existence, completeness, rights and obligations, and presentation and disclosure of its mission-critical assets and performing other procedures we considered necessary. We believe that our examination provides a reasonable basis for our opinion on management s assertion. We performed our examination using information obtained from Naval Supply Systems Command Global Logistics Support Ammunitions (NAVSUP GLS AMMO), Marine Corps Systems Command, and DON activities4 for the existence, completeness, rights and obligations, and presentation and disclosure of the DON ordnance as of June 30, 2013. The DON Ordnance Information System (OIS) is the accountable property system of record for ordnance assets. As of June 30, 2013, the DON ordnance universe in OIS consisted of to 308,692,308 assets. We tested a nonstatistical sample of 24,159,045 assets for existence, 1,791,505 assets for completeness, and 25,950,550 assets for rights.
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 25, 2014
- Accession Number
- ADA602860
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense