Internal Controls Over the Completeness of the Air Force Military Equipment Baseline

摘要

The Property and Equipment Policy Office (P&EPO) in the Office of the Under Secretary of Defense for Acquisition, Technology, and Logistics requested that the DoD Office of Inspector General perform procedures to review the military equipment baseline valuation as of September 30, 2006. Officials from both offices discussed and agreed upon objectives for the audit, which included evaluating the reliability of the internal controls over three of the financial statement assertions: valuation, rights and obligations, and completeness. This report is one in a series on DoD military equipment and the second in a series on the Air Force military equipment baseline valuation. Our prior report D-2008-074, Internal Controls Over the Air Force Military Equipment Baseline Valuation Effort,' discusses the valuation and rights and obligations assertions. This report addresses the completeness assertion for military equipment universe. The final report will summarize all findings for the series and recommend corrective actions, as appropriate.