Financial Management Better Controls Essential Toimprove The Reliability Of Dod's Depot Inventory..

DoD reports, including financial statement reports, must provide decisionmakers with accurate info. on the amount & composition of its inventory. Over the years, auditors have repeatedly found problems with the accuracy of DoD's perpetual inventory records. The Defense Logistics Agency (DLA) distribution depots' inventory records, which account for approx. 75% of DoD's reported inventory, supply much of the info. in DoD's financial & supply records. This report evaluates DoD procedures for verifying the accuracy of its perpetual inventory records. It assesses the internal controls over DLA's physical inventory process to determine whether they provide a reliable accuracy measure of the perpetual inventory records. Charts & tables.Jacobson, Lisa G. is the author of 'Financial Management Better Controls Essential Toimprove The Reliability Of Dod's Depot Inventory..', published 2003 under ISBN 9780756735692 and ISBN 0756735696.