About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

AFMD-81-61 1 (1981-04-30)

handle is hein.gao/gaobabbvy0001 and id is 1 raw text is: %Acfq${'~I ISO UNITED STATES GENERAL ACCOUNTING OFFICE ACCOUNTING AND FINANCIAL WASHINGTON, D.C. 20548 MANAGEMWNT DIVISION 115076 B-203001 APRIL 30,1981 The Honorable Caspar W. Weinberger The Secretary of Defense Dear Mr. Secretary: Subject: jAction Needed to Improve Timeliness of-rmy Billings for Sales to Foreign Countriej (AFMD-81-61) This report discusses our review of the Army accounting system used to bill and collect for foreign military sales from foreign countries' trust fund accounts. Our review showed that: --The Army has not promptly collected from trust fund accounts for goods and services delivered to foreign customers. --Serious weaknesses exist in the Army billing system, and many deliveries were not billed at the time of shipment as required. --When the Army's procedures provide for obtaining advance funds, the amounts requested do not always recover costs. The following summarizes our audit coverage, discusses the problems we found, and recommends actions needed to cor- rect accounting system weaknesses that delay billing and collection for foreign military sales. OBJECTIVES, SCOPE, AND METHODOLOGY The overall objective of our review was to assess the ef- fectiveness of the Army's accounting system for collecting from foreign governments' trust funds. More specific objectives were to --evaluate the efficiency and accuracy of the accounting systems the Departments of the Army and Defense use for prompt collection from trust funds, and --determine the extent to which deliveries have been made to foreign countries without proper reimbursement to Army appropriated funds. (903010) ((A Z

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most