Inspector General, DOD, Oversight of the Air Force Audit Agency Audit of the FY 2000 Air Force Working Capital Fund Financial Statements

摘要

Our objective was to oversee the Air Force Audit Agency to determine whether we can rely on the audit conducted by AFAA, as required by Government auditing standards. 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, requires DoD to prepare annual audited Air Force Working Capital Fund financial statements. Office of Management and Budget Bulletin No. 01-02, 'Audit Requirements for Federal Financial Statements', dated October 16, 2000, establishes the minimum requirements for audits of these financial statements. This Bulletin requires the Inspector General, DoD, to express an opinion on the DoD financial statements and to report on the adequacy of internal controls and compliance with laws and regulations. We delegated the audit of the FY 2000 Department of the Air Force Working Capital Fund financial statements to the Air Force Audit Agency (AFAA). This report is the first in a series of reports and discusses the work performed on the oversight of the Air Force Audit Agency audit of the FY 2000 Department of the Air Force Working Capital Fund financial statements.