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Navy controls for invoice, receipt, acceptance, and property transfer system needs improvement

FEBRUARY 29, 2016 | OFFICE OF INSPECTOR GENERAL

Includes "... As a result, the Navy increased the risk of unauthorized system access and improper or fraudulent payments. Undetected errors and fraud could lead to misstatements on financial statements, specifically for contractor and vendor pay, which is material to the outlays (disbursements) line on the Schedule of Budgetary Activity. Without correcting these CUECs it could impact the audit readiness goals of the Navy..."
 

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