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092885 1 (1970-08-12)

handle is hein.gao/gaobacwtj0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE REGIONAL OFFICE ROOM 403, U.S. CUSTOMHOUSE. 610 SOUTH CANAL STREET CHICAGO, ILLINOIS 60607 AU G 12 1970 Captain Forest N. Clingan, USN 01 Commanding Officer Naval Ordnance Station Forest Park, Illinois 60130 Dear Sir: We have made a review of the accounting system for Naval Ordnance Systems Command Activities of the Navy. This included a review of the system in operations at Naval Ordnance Station, Forest Park, Illinois, Our review was made pursuant to the Accounting and Auditing Act of 1950 (33 U.S.C. 66) based on a request by the Assistant Secretary of Defense (Comptroller) for approval of the accounting system as conforming in all material respects with the accounting principles and standards in Title 2 of the General Accounting Office Policy and Procedures Manual for the Guidance of Federal Agencies, Our reply to the request for approval of the system is being directed to the Assistant Secretary of Defense (Comptroller), with more detailed recommendations to the Assistant Comptroller/ Director of Financial Management Services, Department of the Navy, Also, we are furnishing a copy of this letter with recommended improvements in procedures and practices that may be applicable to other Naval Ordnance Activities to the Commanding Officer, Naval Ordnance Systems Command. As we discussed with you at the conclusion of our review, we noted some procedures and practices which we believe to need strengthening or improvement at the station level. These are presented in the following paragraphs for your consideration and follow-up action, FINANCIAL COITROLS OVER INVENTORIES Our review disclosed that the station did not employ procedures necessary to control and accurately account for direct material and supplies inventories. Some of the procedures were required by the NIF Handbook or the Naval Supply Manual. BEST DOCUMENT AVAILABLE

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