United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office Accounting and Information Management Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1996-07-08 monographic deposited born digital 30 p. GA 1.13:AIMD-96-65 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-96-65 P0b002ee18039214c f:ai96065 DGPO 2010-08-12 2011-03-24 GAOREPORTS-AIMD-96-65 machine generated eng fdlp REPORT GAOREPORTS-AIMD-96-65 AIMD-96-65 Financial statement audits Financial records Accounting errors Federal property management Real property Accounting procedures Data integrity Internal controls Chief financial officers Federal agency accounting systems Defense Business Operations Fund Letter Report AIMD In March 1996, GAO reported that the Navy's fiscal year 1994 consolidated financial reports on general fund operations--which included $78 billion for the Navy's plant property--were substantially inaccurate because of at least $225 billion in errors, including upwards of $25.6 billion in errors involving the Navy's plant property account balances. (See GAO/AIMD-96-7.) GAO made more than a dozen recommendations to avoid the mistakes made in preparing the Navy's fiscal years 1994 consolidated financial reports on general fund operations. This report describes in greater detail the factors contributing to inaccurate reporting of the Navy's plant property account balance. The report also recommends additional measures to ensure that the Navy has reliable information with which to effectively manage and control the billions of dollars the government has invested in Navy plant property. https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-96-65/html/GAOREPORTS-AIMD-96-65.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-96-65/pdf/GAOREPORTS-AIMD-96-65.pdf GAO/AIMD-96-65 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-96-65 Letter Report GAO/AIMD-96-65; CFO Act Financial Audits: Navy Plant Property Accounting and Reporting Is Unreliable; Financial statement audits Financial records Accounting errors Federal property management Real property Accounting procedures Data integrity Internal controls Chief financial officers Federal agency accounting systems Defense Business Operations Fund Public Law 101-576 Public Law 103-356