Accession Number : ADA270390
Title : Audit Report. Documentation of Reimbursable Foreign Military Sales Transactions.
Corporate Author : INSPECTOR GENERAL DEPT OF DEFENSE ARLINGTON VA
Report Date : 17 DEC 1992
Pagination or Media Count : 37
Abstract : We are providing this final report for your information and use. The report addresses the issue of whether adequate documentation was maintained to support reimbursable foreign military sales transactions. DoD Directive 7650.3 requires that all audit recommendations be resolved promptly. Reimbursable foreign military sales (FMS) transactions are expenditures for which the U.S. Government has made a monetary investment in the sale before the FMS customer makes payment. Reimbursable transactions include stock issues from DOD inventories and contractual depot maintenance expenditures for the repair and return of Defense articles. From October 1, 1986, to September 30, 3, 711 FMS cases had reimbursable transactions amounting to $2.7 billion. We reviewed 187 high-dollar value FMS cases that had reimbursable transactions valuednat $640.1 million
Descriptors : *AUDITING, *FOREIGN MILITARY SALES, INTERNATIONAL TRADE, ERRORS.
Subject Categories : Economics and Cost Analysis
Administration and Management
Distribution Statement : APPROVED FOR PUBLIC RELEASE