Accession Number : ADA298454

Title :   Defense Restructuring Costs: Payment Regulations are Inconsistent with Legislation.

Corporate Author : GENERAL ACCOUNTING OFFICE WASHINGTON DC NATIONAL SECURITY AND INTERNATIONAL A FFAIRS DIV

PDF Url : ADA298454

Report Date : AUG 1995

Pagination or Media Count : 16

Abstract : The General Accounting Office (GAO) discussed various aspects of restructuring activities with officials from the Offices of the Assistant Secretary of Defense for Economic Security; the Director of Defense Procurement; the Secretaries of the Army, the Air Force, and the Navy; the Cost Accounting Standards Board; the Defense Contract Management Command; the Defense Contract Audit Agency; and the DOD Inspector General. GAO compared other procurement laws, applicable regulations, and section 818 and its legislative history to DOD'S interim regulations and examined various proposals, documents, reports, and other records related to restructuring activities by defense contractors. GAO also examined comments by potentially affected parties as the interim regulations were being formulated and after they were issued. GAO examined various documents, reports, and other records relative to specific restructuring activities by several defense contractors. In addition GAO visited a contractor involved in a business combination and examined information related to restructuring projects resulting from the combination. This performed our review between September 1994 and May 1995 in accordance with generally accepted government auditing standards. (KAR) P. 6-7

Descriptors :   *DEPARTMENT OF DEFENSE, *FINANCIAL MANAGEMENT, *COSTS, *REGULATIONS, AIR FORCE, ACCOUNTING, CONTRACT ADMINISTRATION, ECONOMICS, CONTRACTORS, HISTORY, PROCUREMENT, STANDARDS, LEGISLATION, AUDITING.

Subject Categories : Administration and Management
      Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE