DOD contract management overpayments continue and management and accounting issues remain.
Author:
Publisher: DIANE Publishing
Published: 2002
Total Pages: 59
ISBN-13: 142894446X
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Author:
Publisher: DIANE Publishing
Published: 2002
Total Pages: 59
ISBN-13: 142894446X
DOWNLOAD EBOOKAuthor: Gregory D. Kutz
Publisher: DIANE Publishing
Published: 2003-11
Total Pages: 156
ISBN-13: 9780756735920
DOWNLOAD EBOOKAuthor: U. S. Government Accountability Office (
Publisher: BiblioGov
Published: 2013-06
Total Pages: 62
ISBN-13: 9781289096298
DOWNLOAD EBOOKSince GAO reported on Department of Defense (DOD) contractor overpayments in 1994, additional reports have been issued highlighting billions of dollars of overpayments to Defense contractors. In December 2001, Congress amended Title 31 of the United States Code to require a federal agency with contracts totaling over $500 million in a fiscal year to have a cost-effective program for identifying payment errors and for recovering amounts erroneously paid to contractors. DOD contractors' responses to GAO's survey indicate that they have millions of dollars of overpayments on their records and that they are continuing to refund overpayments-- about $488 million in fiscal year 2001. DOD has taken actions to address problems with contractor overpayments. In addition to its contract audit functions and as part of a broad based program to assist the Defense Contract Management Agency (DCMA) and the Defense Finance and Accounting Service (DFAS), the Defense Contract Audit Agency (DCAA) is auditing at least 190 large DOD contractors to identify overpayments and ensure that contractors have adequate internal controls for prompt identification and reporting of overpayments. Although DOD has several initiatives to reduce overpayments, it still does not yet have basic administrative control over contractor debt and underpayments because its procedures and practices do not fully meet federal accounting standards and federal financial system requirements for the recording of accounts receivable and liabilities. As a result, DOD managers do not have important information for effective financial management, such as ensuring that contractor debt is promptly collected.
Author: United States Government Accountability Office
Publisher: Createspace Independent Publishing Platform
Published: 2018-02-05
Total Pages: 60
ISBN-13: 9781984997906
DOWNLOAD EBOOKDOD Contract Management: Overpayments Continue and Management and Accounting Issues Remain
Author: United States. Congress. House. Committee on the Budget
Publisher:
Published: 2003
Total Pages: 430
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. General Accounting Office
Publisher:
Published: 2003
Total Pages: 308
ISBN-13:
DOWNLOAD EBOOKAuthor:
Publisher: DIANE Publishing
Published:
Total Pages: 44
ISBN-13: 1428939857
DOWNLOAD EBOOKAuthor:
Publisher: DIANE Publishing
Published: 2004
Total Pages: 323
ISBN-13: 1428937757
DOWNLOAD EBOOKAuthor:
Publisher: DIANE Publishing
Published: 1999
Total Pages: 104
ISBN-13: 1428942289
DOWNLOAD EBOOKThis report addresses the major performance and management challenges confronting the Department of Defense (DOD). Taken together, these challenges, if not addressed, can adversely affect the Department's operational effectiveness. The report also addresses corrective actions that DOD has taken or initiated on these issues- including DOD'S blueprint for a strategy-based, balanced, and affordable defense program as outlined in the May 1997 Report of the Quadrennial Defense Review and the reforms described in its November 1997 Defense Reform Initiative Report-and further actions that are needed. For many years, we have reported significant management problems at DOD. These problems can be categorized into two areas: (1) systemic management challenges dealing with financial management, information management, weapon systems acquisition, and contract management; and (2) program management challenges dealing with infrastructure, inventory management, and personnel. These problems cut across DOD'S program areas.