Accession Number:

ADA551226

Title:

DOD Financial Management: Marine Corps Statement of Budgetary Resources Audit Results and Lessons Learned

Descriptive Note:

GAO report

Corporate Author:

GOVERNMENT ACCOUNTABILITY OFFICE WASHINGTON DC

Personal Author(s):

Report Date:

2011-09-01

Pagination or Media Count:

78.0

Abstract:

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.

Descriptors:

• *AUDITING
• *MARINE CORPS PERSONNEL
• *MILITARY BUDGETS
• ACCOUNTING
• CONTROL
• FINANCIAL MANAGEMENT
• LESSONS LEARNED
• PUBLIC OPINION
• RESOURCE MANAGEMENT
• SYSTEMS MANAGEMENT
• TIMELINESS

Subject Categories:

• Economics and Cost Analysis
• Military Forces and Organizations

Distribution Statement:

APPROVED FOR PUBLIC RELEASE