DOD Financial Management: Marine Corps Statement of Budgetary Resources Audit Results and Lessons Learned
GOVERNMENT ACCOUNTABILITY OFFICE WASHINGTON DC
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The Marine Corps received a disclaimer of opinion on its Fiscal Year 2010 SBR because it ould not provide supporting documentation in a timely manner, and support for transactions was missing or incomplete. Auditors also reported that the Marine Corps did not have adequate processes, systems controls, and controls for accounting and reporting on the use of budgetary resources. Further, the Marine Corps could not provide evidence that reconciliations for key accounts and processes were being performed on a monthly basis. The auditor also identified ineffective controls in key information technology IT systems used by the Marine Corps to process financial data. The auditors provided 139 recommendations to correct identified weaknesses.
- Economics and Cost Analysis
- Military Forces and Organizations