Financial Management: Accounting and Reimbursement for Foreign Military Sales

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Report Type	Reports and Testimonies
Report Date	Jan. 28, 1977
Report No.	102478
Subject	Administrative costs Federal agency accounting systems Financial statement audits Foreign military sales Reimbursements to government Software documentation Accounting errors

Summary:

A review was completed at the Army International Logistics Command of the accounting and reimbursement of administrative expenses, including civilian and military personnel costs, connected with foreign military sales.

An unnecessary loss of revenue to the Government was discovered. The 2-percent administrative surcharge is not being billed to foreign customers on certain cases although applicable authorization provides for the surcharge. These cases are erroneously coded in the computer master program as being exempt from the surcharge. The cause of the incorrect coding was not determined because of a lack of documentation. A total of 66 incorrectly coded cases were identified. However, a recently introduced programming system will assure correct coding in the future.

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Financial Management: Accounting and Reimbursement for Foreign Military Sales