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

AIMD-98-50R 1 (1998-01-07)

handle is hein.gao/gaobaclxh0001 and id is 1 raw text is: GAO United States General Accounting Office Washington, D.C. 20548 Accounting and Information Management Division B-273004 January 7, 1998 The Honorable William S. Cohen The Secretary of Defense Subject: Financial Management: DOD's Liability for Missile Disposal Can Be Estimated Dear Mr. Secretary: Recent laws have enhanced the legislative requirements to provide policy makers and agency program managers with more reliable financial information to formulate budgets, manage government programs, and make difficult policy choices.' Recognizing the extent to which decisionmakers must rely on incomplete and unreliable information on the cost and consequences of government programs and activities, these laws have made implementation of new accounting standards and audited financial statements a priority. New federal accounting standards have been adopted to enhance financial statements by requiring that government agencies show the financial results of their entire operations and provide relevant information on the agencies' true financial status. This report discusses one such requirement for valuable information related to the disposal costs of federal agencies' property, plant, and equipment (PP&E). The fourth in a series of reports2 on the Department of Defense's (DOD) implementation of this requirement, this report focuses on missiles. 1The Chief Financial Officers Act (CFO) of 1990, the Government Management Reform Act (GMRA) of 1994, and the Federal Financial Management Improvement Act of 1996. 2 The other reports in this series are Financial Management: Factors to Consider in Estimating Environmental Liabilities for Removing Hazardous Materials in Nuclear Submarines and Ships (GAO/AIMD-97-135R, August 7, 1997), Financial Management: DOD's Liability for Aircraft Disposal Can Be Estimated (GAO/AIMD-98-9, November 20, 1997), and Financial Management: DOD's Liability for Disposal of Conventional Ammunition Can Be Estimated (GAO/AIMD-98-32, December 19, 1997). GAO/AIMD-98-50R Missile Disposal Liability / 57Y2 JY

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