Internal Controls for the Military Sealift Command Portion of the Transportation Business Area of the FY 1994 Defense Business Operations Fund Financial Statements

Abstract : The primary audit objective was to determine whether the FY 1994 Statement of Financial Position was presented fairly in accordance with Office of Management and Budget Bulletin No. 94-01,"Form and Content of Agency Financial Statements,' November 16, 1993. The objective was revised to determine whether internal controls at the Military Sealift Command ensured accurate account balances - the Military Sealift Command's FY 1994 Statement of Financial Position. In addition, we reviewed the management control program at the Military Sealift Command. The Air Force Audit Agency,in a separate project, determined whether the internal control at the Air Mobility Command ensured accurate account balances on its FY 1994 Statement of Financial Position. The financial data for the Military Traffic Management Command were not material to the United States Transportation Command's financial statements, and therefore were not audited.