Internal Controls Over the Army Military Equipment Baseline Valuation Effort

This report is one in a series. We assessed the effectiveness of the Property and Equipment Policy Office and Army internal controls over the valuation, rights and obligations, and completeness of military equipment programs contained in the Army military equipment baseline. Because systems and processes were not in place to allow for the calculation of the full cost of assets, the Property and Equipment Policy Office used a program-based valuation method to develop the baseline. We recommend that the Office of the Secretary of the Army Acquisition, Logistics, and Technology 1issue guidance requiring Program Management retain supporting documentation and 2 request an independent organization perform a quality assurance review of supporting documentation.