Major Deficiencies Preventing Auditors From Rendering Audit Opinions on FY 1995 DOD General Fund Financial Statements

摘要

This report summarizes major deficiencies impeding the ability of DoD to produce auditable General Fund financial statements and gives Congress, the Secretary of Defense, the DoD Chief Financial Officer, financial managers, and the audit community an assessment of progress made in audited financial statements of DoD General Funds. The FY 1995 DoD General Fund financial statements consist of Army and Air Force General Funds. The Navy's and Defense agencies' General Fund financial statements are not required to be prepared until FY 1996. This is the second annual report on deficiencies that prevent auditors from rendering audit opinions on DoD General Funds. Audit Objective. The audit objectives were to identify and summarize major deficiencies that prevented auditors from rendering audit opinions on FY 1995 DoD General Fund financial statements, and to identify actions taken or under way to correct these deficiencies.