DOD's Financial Management of the Foreign Military Sales Program

reportActive / Technical Report | Accesssion Number: AD1175535 | Open PDF

Abstract:

I am pleased to have this opportunity to comment on the Department of Defense's (DOD) current efforts to improve Foreign Military Sales (FMS) accounting. The financial management of this multibillion dollar program has been the subject of over 50 GAO reports, which have identified a variety of accounting and cost recovery weaknesses over the past 15 years. (Attachment includes a selective listing of these reports.)

Author(s):
Wolf, Frederick D.
Author Organization(s):
GENERAL ACCOUNTING OFFICE WASHINGTON DC
Funding Organization(s):
GENERAL ACCOUNTING OFFICE WASHINGTON DC, WASHINGTON DC , DC
Document Type:
Technical Report/Congressional Testimony
Publication Date:
1987 Jun 04
Pagination:
39

Security Markings

DOCUMENT & CONTEXTUAL SUMMARY

Distribution Code:
A - Approved For Public Release
Distribution Statement: Public Release

RECORD

Collection: TRECMS
Subject Terms
Communities of Interest:
Air Platforms
Descriptor(s):
control systems, department of defense, financial management, foreign military sales, governments, money, payment, united states government, air force, cost estimates, databases, export controls, procurement, accounting, accuracy, agreements, attachment
Keyword(s):
fms(Foreign Military Sales)
Subject Categories:
Behavioral and Social Sciences; Military Sciences
Creation Date:
2022 Jul 29
Update Date:
2022 Sep 19