Internal Controls Over FY 2007 Army Adjusting Journal Vouchers

摘要

Department of the Army and Defense Finance and Accounting Service (DFAS) personnel who are responsible for Army financial reporting should read this report. It discusses the adequacy of internal controls over the review and approval of adjusting journal vouchers made to Army accounting data during the third quarter of FY 2007. We performed this audit in support of Public Law 101- 576, the 'Chief Financial Officers Act of 1990,' November 15, 1990, as amended by Public Law 103- 356, the 'Federal Financial Management Act of 1994,' October 13, 1994. This report is a result of work performed in support of the audits of the FY 2007 Army General Fund and Army Working Capital Fund Financial Statements. The third quarter FY 2007 Army General Fund Financial Statements reported total assets of $304.4 billion, total liabilities of $70.0 billion, and budgetary resources of $268.4 billion. The third quarter FY 2007 Army Working Capital Fund Financial Statements reported total assets of $23.0 billion, total liabilities of $ 1.4 billion, and budgetary resources of $19.3 billion. Maintaining internal controls over the preparation and recording of accounting adjustments has been a long-standing problem at Defense Finance and Accounting Service Indianapolis Operations (referred to as 'DFAS Indianapolis').