Financial Reporting of Department 97-Funded Property, Plant, and Equipment

摘要

This audit is the final part of the audit on 'Compilation of the FY 1999 Financial Statements for Other Defense Organizations-General Fund' and in support of our audit of the FY 2000 Financial Statement. The Chief Financial Officers Act of 1990 requires DoD to prepare consolidated financial statements. Our objective was to determine whether Department 97-funded property, plant, and equipment should be reported on the Military Department or Other Defense Organizations Financial Statements when the funds are allotted to the Military Departments. We also reviewed the coordination procedures at the accounting offices supporting specific Other Defense Organizations to determine how those offices were recording and reporting Department 97-funded property, plant, and equipment.