Accession Number : ADA367911


Title :   Valuation and Presentation of Inactive Inventory on the FY 1997 Defense Logistics Agency Working Capital Fund Financial Statements.


Descriptive Note : Audit rept.


Corporate Author : INSPECTOR GENERAL DEPT OF DEFENSE ARLINGTON VA


Full Text : http://www.dtic.mil/get-tr-doc/pdf?AD=ADA367911


Report Date : 27 AUG 1998


Pagination or Media Count : 34


Abstract : The overall objective of our audit was to determine whether the FY 1997 Financial Statements of the DLA Working Capital Fund were presented fairly and in accordance with Office of Management and Budget Bulletin No. 94-O1, "Form and Content of Agency Financial Statements," November 16, 1993, as modified by Office of Management and Budget Bulletin No. 97-01, "Form and Content of Agency Financial Statements," October 16, 1996. For this part of the audit, we reviewed the valuation and presentation of inactive inventory in the financial statements. We did not review the internal control program as it related to the audit objective because it was addressed in our report on internal controls and compliance with laws and regulations.


Descriptors :   *ACCURACY , *AUDITING , FINANCIAL MANAGEMENT , INVENTORY , LEGISLATION.


Subject Categories : ADMINISTRATION AND MANAGEMENT
      ECONOMICS AND COST ANALYSIS


Distribution Statement : APPROVED FOR PUBLIC RELEASE