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Financial Management - Air Force Records Contain $512 Million in Negative Unliquidated Obligations: Afmd-89-78 (Paperback) Loot Price: R209
Discovery Miles 2 090
You Save: R42 (17%)
Financial Management - Air Force Records Contain $512 Million in Negative Unliquidated Obligations: Afmd-89-78 (Paperback): U S...
Financial Management - Air Force Records Contain $512 Million in Negative Unliquidated Obligations: Afmd-89-78 (Paperback): U S...

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Financial Management - Air Force Records Contain $512 Million in Negative Unliquidated Obligations: Afmd-89-78 (Paperback)

U S Government Accountability Office (G, U.S. Government Accountability Office

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List price R251 Loot Price R209 Discovery Miles 2 090 You Save R42 (17%)

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Pursuant to a congressional request, GAO reviewed negative unliquidated obligations (ULO) relating to the Air Force's purchase of supply and equipment inventories, focusing on the: (1) age and causes of ULO; and (2) procedures that the Air Force's air logistics centers (ALC) used to report them to senior Air Force officials and to Congress. GAO found that: (1) as of April 1988, 5 ALC had 6,257 individual negative ULO account balances totalling about $512 million; (2) although regulations required immediate corrective action on negative ULO, ALC had more than $132 million in negative ULO that were at least 6 months old; (3) accounting supervisors attributed the lack of attention to negative ULO to staff shortages and clerical errors; (4) many Air Force officials did not know about negative ULO problems, since the Air Force did not require ALC to report negative ULO information; and (5) although ALC did not maintain statistics on the causes of negative ULO, many ALC accounting supervisors cited such internal control weaknesses as contractor overpayments, appropriations accounting errors, and inaccurate or incomplete obligations information as the primary causes.

General

Imprint: Bibliogov
Country of origin: United States
Release date: July 2013
First published: July 2013
Creators: U S Government Accountability Office (G • U.S. Government Accountability Office
Dimensions: 246 x 189 x 1mm (L x W x T)
Format: Paperback - Trade
Pages: 24
ISBN-13: 978-1-287-25610-6
Barcode: 9781287256106
Categories: Promotions
Books > Social sciences > Politics & government
Books > Social sciences > Politics & government > General
LSN: 1-287-25610-4

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