Financial Management: Assessment of the U.S. Army Corps of Engineers, Civil Works, FY 2004 Beginning Financial Statement Balance of Construction-In- Progress

摘要

Our overall audit assessment objective was to determine whether USACE, Civil Works, CIP assets were ready for audit. Specifically, we determined whether USACE had corrected the deficiencies we identified during FY 2003 and whether the financial reporting of CIP assets was consistent with GAAP. We also reviewed the management control program as it related to the audit objective.