Compilation of the FY 1999 Department of the Navy Working Capital Fund Financial Statements

摘要

The overall audit objective was to determine whether the Defense Finance and Accounting Service (DFAS) Cleveland Center consistently and accurately compiled and consolidated financial data received from Navy field organizations and other sources to prepare the FY 1999 Navy Working Capital Fund financial statements. We also reviewed procedures for reconciling the inventory general ledger accounts to supporting records and classifying inventory and processes and procedures for recording accounting entries to adjust accounting data provided by the field organizations. In addition, we reviewed management controls and compliance with laws and regulations as they related to the audit objective. See Appendix A for a discussion of the audit process and the DFAS cleveland Center management control program.