United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2001-07-18 monographic deposited born digital 31 p. GA 1.13:GAO-01-847 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-847 P0b002ee180373ba8 f:d01847 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-01-847 machine generated eng fdlp REPORT GAOREPORTS-GAO-01-847 GAO-01-847 Accounting procedures Auditing procedures Auditing standards Financial statement audits Fund audits General fund accounts Air Force General Fund DFAS Merged Accounting and Fund Reporting System Other Written Product A01410 The Department of Defense (DOD) and its components have had longstanding problems in reconciling the transaction activity in their Fund Balance with Treasury accounts. These reconciliations continue to be a significant challenge facing DOD and contribute to DOD's inability to prepare auditable financial statements and to DOD financial management being a high-risk area. In August 1998, DOD developed a strategic plan to improve the reconciliation process for the activity in its Fund Balance with Treasury accounts. DOD reported that the Defense Finance and Accounting Service's (DFAS) Denver Center, which provides support for the Air Force, has made the most progress in implementing this plan, and that its process for reconciling the activity in the Air Force General Funds is more comprehensive than that of the other DOD components. In this report, GAO reviews DFAS Denver's reconciliation processes to determine (1) the progress DFAS Denver has made in improving its processes for reconciling the transaction activity in the Air Force General Funds and (2) whether the DFAS Denver reconciliation concepts, policies, and practices could be used in reconciling the Fund Balance with Treasury activity of other DOD components. GAO found that (1) DFAS Denver has made progress in developing a comprehensive reconciliation process for the Air Force General Funds' transaction activity in the Fund Balance with Treasury accounts, primarily by increasing management attention and (2) the concepts and policies developed thus far by DFAS Denver to identify and resolve transaction differences could improve the reconciliation processes of the other DFAS centers that have not made as much progress. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-847/html/GAOREPORTS-GAO-01-847.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-847/pdf/GAOREPORTS-GAO-01-847.pdf GAO-01-847 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-847 Other Written Product GAO-01-847; Financial Management: Improvements in Air Force Fund Balance With Treasury Reconciliation Process; Accounting procedures Auditing procedures Auditing standards Financial statement audits Fund audits General fund accounts Air Force General Fund DFAS Merged Accounting and Fund Reporting System