Accession Number:

ADA399751

Title:

FINANCIAL MANAGEMENT: Controls Over Vendor Payments Made for the Army and Defense Agencies Using and Computerized Accounts Payable System (D-2002-056)

Descriptive Note:

Corporate Author:

INSPECTOR GENERAL DEPT OF DEFENSE ARLINGTON VA

Personal Author(s):

Report Date:

2002-03-06

Pagination or Media Count:

81.0

Abstract:

Serious internal control weaknesses have been reported over the years in DoD payment processes and systems. As a result of those weaknesses, the risk of fraud and error is increased. Errors can include duplicate payments, payments in the wrong amount, or charges to the wrong account. The Defense Finance and Accounting Service DFAS uses two versions of the Computerized Accounts Payable System CAPS to make vendor payments for the Army and several Defense agencies. During FY 2000, DFAS made about 902,000 vendor payments, valued at 13.7 billion, using CAPS. On April 1, 2001, the Director, DFAS, capitalized all commercial payment resources under the Director, Commercial Pay Services. This is the second in a series of audit reports addressing the controls over CAPS.

Descriptors:

• *FINANCIAL MANAGEMENT
• *VENDORS
• *AUDITING
• *PAYMENT
• CONTROL
• DEPARTMENT OF DEFENSE
• COMMERCE
• DEFENSE SYSTEMS
• ACCOUNTING
• SALARIES
• RESOURCES
• ARMY
• FINANCE

Subject Categories:

• Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE