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:

1739 new people
124 new organizations
991 new photos
2117 job history records for people in our database
641 education records for people in our database
2487 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
107 new policy reports
3 new trips to our privately funded travel database
323 new personal financial disclosures
6604 new press releases
1 new town hall
28 new hearings

Caught Our Eye Rss

Longtime House staffer heads to trade org

by Heavyn Lester on 11/13/2024
Members of Congress more likely to be veterans

by Heavyn Lester on 11/12/2024
Native American underrepresentation in Congress will continue in 2025

by Heavyn Lester on 11/04/2024
Civil rights leads the fastest growing issues in 2024

by Caleb Mynatt on 10/28/2024
Oil trade group picks up Senate staffer

by Heavyn Lester on 10/23/2024

» 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

Healthcare: Monthly people moves

by Axios on 11/01/2024
An exodus of top staffers from Yadira Caraveo’s congressional office

by The Colorado Sun on 10/15/2024
Yadira Caraveo has among the highest staff turnover rates in Congress

by The Colorado Sun on 10/15/2024
'I'm advocating Christian nationalism': Josh Hawley's ties to Project 2025 exposed

by Raw Story on 10/15/2024

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