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... improvement To its credit, the Air Force attempted to produce a set of financial statements for 1988 and submitted them to GAO for audit Rehlts in Brief The Air Force does not have accurate cost data ... officials The inventory systems not provide reliable data to support either the quantities or the values of inventories on hand There is not an accounting for the full cost of its weapons systems-the ... accountability and accurate cost information are not maintained, the following conditions result: Los4 of Accountability and Inadcurate Cost Infojrmation l l Financial information needed for top...

Ngày tải lên: 19/06/2014, 13:20

... GAO/AFMD-90-23 Air Force Financial Audit -7 Chapter Introduction inventory is maintained at air logistics centers and about $20 billion at air bases, Managing the inventory includes not only maintaining ... physical control and distribution, but also contracting to acquire the items and then using the inventory to maintain operations Depot maintenance industrial fund activities are collocated with air logistics ... as they were being incurred; in other cases, information was available to indicate the need for timely action, but this information was not taken into account in decisionmaking It is time for these...

Ngày tải lên: 19/06/2014, 13:20

... alternatives This chapter illustrates that historical cost data are not generated in a manner designed to be reliable and timely and that little attention is paid to the data which are generated ... audited financial statements enhance accountability and provide greater discipline for management DODagreed that the Air Force needs an integrated accounting system, but it did not agree that the Air ... financial statements are also used for reporting to other government entities Accordingly, these reports not contain accurate cost information for almost all of the Air Force’ s non-cash assets-such...

Ngày tải lên: 19/06/2014, 13:20

... transactions that have not yet been classified for posting to their proper accounts), it should also institute controls over the transactions entered into these accounts to ensure that they are ... to the real property officer, the base does not routinely account for costs associated with constructionin-process unless the Air Force acts as the construction agent According to a contracting ... related obligations and to notify the Finance Center that the transactions are accurate and proper Reconciliations are a key control in ensuring that payments not exceed obligations on contracts...

Ngày tải lên: 19/06/2014, 13:20

... 1992 In addition to the acquisition costs, the Air Force had incurred costs totaling $18 million for the contractor to store the satellites Had the costs associated with storing these satellites ... document also stated that because of the limitations in its ability to track costs for specific weapons programs, the operating and support cost data reported in the budget were not consistent with ... However, this system does not interface with GAS Instead, disbursement data are routed from CMDthrough the Air Force Accounting and Finance Center to the accountable stations,’ thereby creating substantial...

Ngày tải lên: 19/06/2014, 13:20

... needed to substantiate the information maintained in the perpetual system to ensure that all transactions were recorded properly and to account for any theft or spoilage Each inventory item maintained ... significantly distorts the total value of the inventory and the financial statements Because of indications that over 50 percent of the $12.2 billion investment-item inventory at the three ALCSwas ... portion of its inventory to reflect the costs associated with repairing these items Valuation Policy Is Acceptable but Not Consistently Applied Title requires inventories to be valued at the...

Ngày tải lên: 19/06/2014, 13:20

... development delays during the implementation of BLARS,including incorporating existing off-the-shelf systems or software and adopting an incremental approach to implementation Incorporating existing ... reflects actual costs (See chapter 4.) The capability to provide payment data directly to the accounting station, bypassing the finance center At the accounting station, BLARSwill verify whether ... Chapter Air Force Financial Management Improvement Efforts SyHem are not designed to provide the accountability needed Chapter points out that the accounting systems not capture costs aa they...

Ngày tải lên: 19/06/2014, 13:20

... government and the related interest costs are not apportioned to federal agencies The Air Force’ s financial statements, therefore, not report any portion of the public debt or interest thereon, nor the ... Force activities within The Air Force is liable for the United States and its territories similar awards and settlements in certain foreign countries Awards and settlements in excess of resulting ... the statements report the source of public financing whether from issuance of debt or tax revenues B Financing for the construction of Air Force facilities was To the extent this obtained through...

Ngày tải lên: 19/06/2014, 13:20

... report See comment The Department emphasizes that the Air Force has demonstrated its interest in enhancing ixs accounting efforts by its willingness to prepare the prototype reports solicited by the ... ccimment 1, The Department is concerned that the report may mislead some readers into thinking that the Air Force has misstated the cost of its aircraft or other programs to the Congress Accurate ... reporting financial data; identify and document the information streams of financial transactions from inception of a transaction to the reporting of the information to the Finance Center; evaluate...

Ngày tải lên: 19/06/2014, 13:20

... modified the report to specifically discuss the Selected Acquisition Reports sent to the Congress and recognize that the costs they report are more accurate than the costs provided by the Air Force’ ... Appendix IV CommentaF’ the Department of Defense rom The following are GAO’ comments on the Department of Defense’ letter S s dated February 21,199O Force Does Not Effectively Account for Billions ... Evaluation at the end of chapter The DOD response is discussed under Agency Comments and Our Evaluation at the end of chapter We corrected the report to show $10 billion as unrequired inventory...

Ngày tải lên: 19/06/2014, 13:20

... Representative pictures of Thioflavin-S-stained Aβ plaques (lightly stained areas) decorated with activated astrocytes immunostained with anti-GFAP (brown stain) in the neocortex of untreated (A) ... some recent reports have indicated that inflammatory insults, either by injecting LPS directly into the brain [44,50] or overexpression of TGF-β in the CNS [51], can result in reductions of amyloid ... enrolled in the trial suggest that those subjects who developed modest anti-plaque antibody (Ab) titers did show some clinical benefit relative to subjects that did not develop detectable titers [9,11,12]...

Ngày tải lên: 19/06/2014, 22:20

... improvement To its credit, the Air Force attempted to produce a set of financial statements for 1988 and submitted them to GAO for audit Rehlts in Brief The Air Force does not have accurate cost data ... officials The inventory systems not provide reliable data to support either the quantities or the values of inventories on hand There is not an accounting for the full cost of its weapons systems-the ... accountability and accurate cost information are not maintained, the following conditions result: Los4 of Accountability and Inadcurate Cost Infojrmation l l Financial information needed for top...

Ngày tải lên: 20/06/2014, 06:20

... GAO/AFMD-90-23 Air Force Financial Audit -7 Chapter Introduction inventory is maintained at air logistics centers and about $20 billion at air bases, Managing the inventory includes not only maintaining ... physical control and distribution, but also contracting to acquire the items and then using the inventory to maintain operations Depot maintenance industrial fund activities are collocated with air logistics ... as they were being incurred; in other cases, information was available to indicate the need for timely action, but this information was not taken into account in decisionmaking It is time for these...

Ngày tải lên: 20/06/2014, 06:20

... alternatives This chapter illustrates that historical cost data are not generated in a manner designed to be reliable and timely and that little attention is paid to the data which are generated ... audited financial statements enhance accountability and provide greater discipline for management DODagreed that the Air Force needs an integrated accounting system, but it did not agree that the Air ... financial statements are also used for reporting to other government entities Accordingly, these reports not contain accurate cost information for almost all of the Air Force’ s non-cash assets-such...

Ngày tải lên: 20/06/2014, 06:20

... transactions that have not yet been classified for posting to their proper accounts), it should also institute controls over the transactions entered into these accounts to ensure that they are ... to the real property officer, the base does not routinely account for costs associated with constructionin-process unless the Air Force acts as the construction agent According to a contracting ... related obligations and to notify the Finance Center that the transactions are accurate and proper Reconciliations are a key control in ensuring that payments not exceed obligations on contracts...

Ngày tải lên: 20/06/2014, 06:20

... 1992 In addition to the acquisition costs, the Air Force had incurred costs totaling $18 million for the contractor to store the satellites Had the costs associated with storing these satellites ... document also stated that because of the limitations in its ability to track costs for specific weapons programs, the operating and support cost data reported in the budget were not consistent with ... However, this system does not interface with GAS Instead, disbursement data are routed from CMDthrough the Air Force Accounting and Finance Center to the accountable stations,’ thereby creating substantial...

Ngày tải lên: 20/06/2014, 06:20

... needed to substantiate the information maintained in the perpetual system to ensure that all transactions were recorded properly and to account for any theft or spoilage Each inventory item maintained ... significantly distorts the total value of the inventory and the financial statements Because of indications that over 50 percent of the $12.2 billion investment-item inventory at the three ALCSwas ... portion of its inventory to reflect the costs associated with repairing these items Valuation Policy Is Acceptable but Not Consistently Applied Title requires inventories to be valued at the...

Ngày tải lên: 20/06/2014, 06:20

... development delays during the implementation of BLARS,including incorporating existing off-the-shelf systems or software and adopting an incremental approach to implementation Incorporating existing ... reflects actual costs (See chapter 4.) The capability to provide payment data directly to the accounting station, bypassing the finance center At the accounting station, BLARSwill verify whether ... Chapter Air Force Financial Management Improvement Efforts SyHem are not designed to provide the accountability needed Chapter points out that the accounting systems not capture costs aa they...

Ngày tải lên: 20/06/2014, 06:20

... government and the related interest costs are not apportioned to federal agencies The Air Force’ s financial statements, therefore, not report any portion of the public debt or interest thereon, nor the ... Force activities within The Air Force is liable for the United States and its territories similar awards and settlements in certain foreign countries Awards and settlements in excess of resulting ... the statements report the source of public financing whether from issuance of debt or tax revenues B Financing for the construction of Air Force facilities was To the extent this obtained through...

Ngày tải lên: 20/06/2014, 06:20

... report See comment The Department emphasizes that the Air Force has demonstrated its interest in enhancing ixs accounting efforts by its willingness to prepare the prototype reports solicited by the ... ccimment 1, The Department is concerned that the report may mislead some readers into thinking that the Air Force has misstated the cost of its aircraft or other programs to the Congress Accurate ... reporting financial data; identify and document the information streams of financial transactions from inception of a transaction to the reporting of the information to the Finance Center; evaluate...

Ngày tải lên: 20/06/2014, 06:20