Accession Number:

AD1175535

Title:

DOD's Financial Management of the Foreign Military Sales Program

Descriptive Note:

[Technical Report, Congressional Testimony]

Corporate Author:

GENERAL ACCOUNTING OFFICE WASHINGTON DC

Personal Author(s):

• Wolf, Frederick D.

Report Date:

1987-06-04

Pagination or Media Count:

39

Abstract:

I am pleased to have this opportunity to comment on the Department of Defenses DOD current efforts to improve Foreign Military Sales FMS accounting. The financial management of this multibillion dollar program has been the subject of over 50 GAO reports, which have identified a variety of accounting and cost recovery weaknesses over the past 15 years. Attachment includes a selective listing of these reports.

Descriptors:

• control systems
• department of defense
• united states government
• financial management
• foreign military sales
• governments
• databases
• government (foreign)
• money
• payment
• united states
• air force
• cost estimates
• export controls
• procurement
• security
• accounting

Subject Categories:

• Economics and Cost Analysis
• Logistics, Military Facilities and Supplies

Distribution Statement:

[A, Approved For Public Release]