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Department of Defense: Actions Needed to Reduce Accounting Adjustments

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Report Type Reports and Testimonies
Report Date Jan. 10, 2020
Release Date Jan. 22, 2020
Report No. GAO-20-96
Summary:

DOD uses accounting adjustments to record corrections or changes in its financial systems. Such adjustments should be accompanied by documentation showing why the change was needed. Some accounting adjustments that DOD frequently makes—including “forced-balance” adjustments to make its financial systems agree with Treasury balances—don’t have adequate supporting documentation.

We recommended that DOD reduce the use of accounting adjustments to ensure they have reliable and accurate financial information. The agency’s financial management has been on our High Risk list since 1995.

Accounting

Accounting

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