Report on the Audit of Foreign Military Sales Trust Fund Disbursement Reporting
INSPECTOR GENERAL DEPT OF DEFENSE ARLINGTON VA
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This is our final report on the Audit of Foreign Military Sales Trust Fund Disbursement Reporting, provided for your information and use. The audit was made from August 1990 through March 1991. The overall objective of the audit was to determine whether disbursements from the Foreign Military Sales FMS Trust Fund were promptly and accurately reported to the Defense Finance and Accounting Service - Denver Center, formerly the Security Assistance Accounting Center SAAC. Specifically, we evaluated the quality of the documentation and determined whether finance and accounting offices reported disbursements with sufficient detail to identify the country and case. We also evaluated internal controls established by applicable DOD Components and determined whether the audited activities corrected reporting errors promptly. In addition, we evaluated the Defense Logistics Agencys DLAs implementation of the internal management control program required by the Federal Managers Financial Integrity Act FMFIA as it pertained to the audit objectives.
- Administration and Management