Financial Management: Review of the U.S. Army Corps of Engineers, Civil Works, Balance Sheet Reporting and Financial Statement Compilation

摘要

Since FY 2002, the DoD Office of Inspector General has conducted audits and assessments of the USACE, Civil Works, Balance Sheet reporting and financial statement compilation processes and has issued reports and memorandums identifying numerous deficiencies. On November 19, 2004, the USACE Chief of Staff asserted that corrective actions to remediate previously identified deficiencies had been implemented. The DoD Office of Inspector General was requested to review selected Balance Sheet line items and the financial statement compilation process to determine if the previously identified deficiencies had been corrected. The scope of the review was outlined in an engagement memorandum signed by USACE management and the DoD Office of Inspector General.