Financial Management: Better Controls Essential to Improve the Reliability of Dod's Depot Inventory Records

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DIANE Publishing, 2003 - 51 pages
DoD reports, including financial statement reports, must provide decisionmakers with accurate info. on the amount and composition of its inventory. Over the years, auditors have repeatedly found problems with the accuracy of DoD's perpetual inventory records. The Defense Logistics Agency (DLA) distribution depots' inventory records, which account for approx. 75% of DoD's reported inventory, supply much of the info. in DoD's financial and supply records. This report evaluates DoD procedures for verifying the accuracy of its perpetual inventory records. It assesses the internal controls over DLA's physical inventory process to determine whether they provide a reliable accuracy measure of the perpetual inventory records. Charts and tables.

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Page 3 - On federal lands, these activities are managed by five agencies: the National Park Service, the Fish and Wildlife Service, the Bureau of Land Management, and the Bureau of Indian Affairs, all within the Department of the Interior, and the Forest Service within the Department of Agriculture.
Page 7 - This report will also be available on GAO's home page at If you have any questions or need additional information, please contact me at (202) 512-3841 or Cliff Fowler at (202) 512-S029.
Page 19 - Those that were categorically excluded (CE) from the preparation of an environmental assessment (EA) or an environmental impact statement (EIS).
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Page 8 - United States Senate The Honorable Scott Mclnnis Chairman, Subcommittee on Forests and Forest Health Committee on Resources House of Representatives The Honorable...
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