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115302 1 (1981-05-21)

handle is hein.gao/gaobadysn0001 and id is 1 raw text is: FOR RELEASE ON DELIVERY EXPECTED AT 9:30 A.M. MAY 21, 1981 UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 STATEMENT OF DONALD L. SCANTLEBURY CHIEF ACCOUNTANT AND DIRECTOR ACCOUNTING AND FINANCIAL MANAGEMENT DIVISION BEFORE THE SUBCOMMITTEE ON DEFENSE OF THE HOUSE APPROPRIATIONS COMMITTEE ON illllhUfilhI 115302 LBETTER ACCOUNTING AND FINANCIAL MANAGEMENT NEEDED TO ELIMINATE CONTINUED FOREIGN MILITARY SALES SUBSID Mr. Chairman and Members of the Committee: We are pleased to be here today to discuss with you our past and ongoing work on the longstanding accounting and financial management problems that the Department of Defense has had in administering its foreign military sales program. Your continu- ing concern about the need for recovering the full costs incurred by the U.S. Government, as required by law, in selling goods and services to foreign customers is warranted by the size of the program and the continuing nature of these financial management problems. As you are aware, foreign military sales is big business within the Department of Defense--the value of unfilled customer orders was over $53 billion at September 30, 1981. 62 /697,

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