DOD Contract Payments: Management Action Needed to Reduce Billions in Adjustments to Contract Payment Records

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Description

A letter report issued by the General Accounting Office with an abstract that begins "GAO has reported that the Department of Defense's (DOD) inability to accurately account for and report on disbursements is a long-term, major problem. GAO was requested to determine (1) the magnitude of the adjustments and related costs in fiscal year 2002, (2) why contracts, including payment terms, are so complex, (3) the key factors that caused Defense Finance and Accounting Service (DFAS) Columbus to make payment adjustments, and (4) what steps DOD is taking to address the payment allocation problems."

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United States. General Accounting Office. August 8, 2003.

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Description

A letter report issued by the General Accounting Office with an abstract that begins "GAO has reported that the Department of Defense's (DOD) inability to accurately account for and report on disbursements is a long-term, major problem. GAO was requested to determine (1) the magnitude of the adjustments and related costs in fiscal year 2002, (2) why contracts, including payment terms, are so complex, (3) the key factors that caused Defense Finance and Accounting Service (DFAS) Columbus to make payment adjustments, and (4) what steps DOD is taking to address the payment allocation problems."

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Government Accountability Office Reports

The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for the U.S. Congress investigating how the federal government spends taxpayers' money. Its goal is to increase accountability and improve the performance of the federal government. The Government Accountability Office Reports Collection consists of over 13,000 documents on a variety of topics ranging from fiscal issues to international affairs.

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  • August 8, 2003

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  • June 11, 2014, 5:03 a.m.

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United States. General Accounting Office. DOD Contract Payments: Management Action Needed to Reduce Billions in Adjustments to Contract Payment Records, report, August 8, 2003; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc293471/: accessed November 22, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.