Accession Number:

ADA393115

Title:

Defense Departmental Reporting Systems - Audited Financial Statements

Descriptive Note:

Audit rept.

Corporate Author:

INSPECTOR GENERAL DEPT OF DEFENSE ARLINGTON VA

Report Date:

2001-08-03

Pagination or Media Count:

25.0

Abstract:

This audit is in response to the Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994. The Chief Financial Officers Act requires the Inspector General, DoD, to audit the financial statements of DoD organizations in accordance with generally accepted Government auditing standards. This is the third in a series of reports related to the FY 2000 DoD Agency-Wide Financial Statements. The first report discusses the adequacy of internal controls and compliance with laws and regulations for the financial statements. The second report discusses the Financial Management Improvement Plan. The Audited Financial Statements module of the Defense Departmental Reporting System incorporates the financial statement compilation process into a single system, which allows financial statements to be shared throughout the Department of Defense community. Data from the accounting systems are transmitted to the Audited Financial Statement module of the Defense Departmental Reporting System by importing Excel trial balance spreadsheets. After the transmission, if a duly authorized official has identified any errors through analysis, reasonableness checks, or quality control procedures, a correcting journal voucher must be prepared. After all of the journal vouchers are recorded, the financial statements are produced.

Subject Categories:

  • Administration and Management
  • Economics and Cost Analysis
  • Military Forces and Organizations

Distribution Statement:

APPROVED FOR PUBLIC RELEASE