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DOD acknowledged that it continues to enter material amounts of unsupported accounting entries." [DOD IG Report 2010-002, p. 13]
Example#1: We audited a sample of 160 journal vouchers. We identified 37 journal vouchers with a net value of $4.1 billion as unsupported. We also identified 110 of these journal vouchers with operational control deficiencies. As a result, we estimate that the Component processed 220 unsupported journal vouchers and 682 journal vouchers with operational control deficiencies
Example#2: Component officials did not properly review and approve 102 adjustments for $1.1 trillion made to financial statement data before closing the accounting records. As a result, the Component could process erroneous journal vouchers that can only be corrected at the request of USD(C)/CFO and would require the Assistant Secretary of the Component (Financial Management and Comptroller) to reconfirm the statements. |