Financial Management: DOD's FMFIA Assertions

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

376 new people
171 new organizations
408 new photos
1234 job history records for people in our database
653 education records for people in our database
1467 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
3 new people through the revolving door
109 new policy reports
43 new trips to our privately funded travel database
629 new personal financial disclosures
15148 new press releases
11 new town halls
25 new hearings

Caught Our Eye Rss

Some legislators prioritize talk, not action

by Heavyn Lester on 09/23/2024
Former state sen. joins conservative immigration group

by Heavyn Lester on 09/17/2024
Some representatives are burning through their budgets

by Heavyn Lester on 09/16/2024
Burlison hires foul-mouthed comms specialist

by Andy Gottlieb on 09/13/2024
Lobbyist returns to Senate as chief of staff

by Heavyn Lester on 09/12/2024

» More from Caught Our Eye

Follow @LegiStorm

LegiStorm adds House Q2 salaries and expenses

2024-09-05
Latest Senate salary and expense records published

2024-06-10
LegiStorm adds House Q1 salaries and expenses

2024-06-05
LegiStorm adds Q4 salary analytics and turnover data

2024-03-14

» More from our DevBlog

Lobbyists exploit massive loophole to wine and dine lawmakers, aides at fancy getaways

by Politico on 09/22/2024
Vulnerable Dem senator who touts record 'fighting' lobbyists has long history of hiring them

by Fox News on 09/18/2024
Kamala Harris ran her office like a prosecutor. Not everyone liked that.

by The Washingon Post on 09/09/2024
Letter: Van Ostern’s recent flyer

by Concord Monitor on 08/29/2024

Premium Download PDF Now (16 pages)

Report Type	Reports and Testimonies
Report Date	April 27, 1993
Report No.	AFMD-93-61R
Subject	Accounting procedures Contract administration Defense operations Federal agency accounting systems Internal controls Materiality Military cost control Property and supply management Reporting requirements CIM DBOF Defense Business Operations Fund Defense Management Report DOD Corporate Information Management Initiative

Summary:

In a fiscal year 1992 report, the Pentagon asserted that its internal control and financial systems were helping to realize the objectives of the Federal Managers' Financial Integrity Act. GAO disputes this claim, citing long-standing management, internal control, and accounting weaknesses that undermine the military's ability to effectively safeguard the hundreds of billions of dollars of resources entrusted to it. GAO is concerned that the Defense Department's (DOD) assessment may lead the new administration to become overly optimistic about the state of DOD management, control, and accounting problems. Although DOD recently authorized a review of the Defense Business Operations Fund--a positive first step in GAO's view--the problems cited by GAO extend well beyond the operations of the fund. Appointing strong top leadership in DOD's financial and information management organizations is critical.

« Return to search Government Accountability Office reports

Weekly Updates

Caught Our Eye Rss

Social Media

DevBlog Rss

In the News

Financial Management: DOD's FMFIA Assertions