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AFMD-93-61R 1 (1993-04-27)

handle is hein.gao/gaobackhp0001 and id is 1 raw text is: GAO United States General Accounting Office Washington, D.C. 20548 Comptroller General of the United States B-253124 April 27, 1993 The Honorable Les Aspin 149062 The Secretary of Defense Dear Mr. Secretary: We have reviewed the Department of Defense's (DOD) fiscal year 1992 report mandated by the Federal Managers' Financial Integrity Act of 1982 (FMFIA). This report asserts that DOD's internal controls and financial systems, when taken as a whole, provide reasonable assurance that the objectives of the FMFIA are being achieved. These assertions are inconsistent with details in DOD's report and with findings presented in a number of audit reports by GAO and others on DOD's financial management systems and operations. These reports highlight long- standing management, internal control, and accounting system deficiencies that weaken DOD's ability to safeguard, manage, and control the hundreds of billions of dollars of resources entrusted to it. A summary of the major internal control and financial management deficiencies is provided in our high-risk and transition series reports issued in December 1992. We are concerned that DOD's FMFIA report, which was issued shortly before you became Secretary of Defense, may lead you and other members of the new administration to overly optimistic conclusions about what should be done to correct the serious management, control, and accounting deficiencies of DOD. Should this happen, your ability to provide proper stewardship over DOD and effectively manage its operations will be severely impaired. We note that you have recently directed the Deputy Secretary of Defense and the Comptroller's organization to review the Defense Business Operations Fund (DBOF). We think this action is an important step, but would point out that our concerns go well beyond the operations of this Fund to GAO/AFMD-93-61R DOD's FMFIA Assertions C, '? 1,2 IqoG1

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