Report of Marine Corps Internal Controls over Military Equipment Funds

This report discusses the need for internal controls over military equipment funds to ensure compliance with DoD and Marine Corps regulations. The Marine Corps Systems Command mission is to serve as the Marine Corps Commandant's principal agent for acquisition and sustainment of systems and equ...

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Bibliographic Details
Main Authors: Granetto, Paul J, Marsh, Patricia A, Sauls, Barbara A, Carey, Alice F, Negash, Lidet K, Pray, Davita N, Tsay, Shirlenne S, Kleiman-Redden, Ellen
Format: Report
Language:English
Subjects:
Administration and Management
AUDITING
AVAILABILITY
COMPLIANCE
DEFICIENCIES
DEPARTMENT OF DEFENSE
DOCUMENTATION
Economics and Cost Analysis
FILES(RECORDS)
FINANCIAL MANAGEMENT
FUNDS AVAILABILITY
INTERNAL CONTROLS
Logistics, Military Facilities and Supplies
MANAGEMENT PLANNING AND CONTROL
MARINE CORPS
MARINE CORPS EQUIPMENT
MARINE CORPS SYSTEMS COMMAND
MILITARY PROCUREMENT
MONITORING
RECOMMENDATIONS
REGULATIONS
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Summary:This report discusses the need for internal controls over military equipment funds to ensure compliance with DoD and Marine Corps regulations. The Marine Corps Systems Command mission is to serve as the Marine Corps Commandant's principal agent for acquisition and sustainment of systems and equipment used to accomplish warfighting missions. Marine Corps Systems Command internal controls over managing funds and retaining supporting documentation for obligations were generally adequate. The controls complied with Federal and Marine Corps guidance and ensured the proper use of funds and availability of funds. The Marine Corps Systems Command internal controls over recording and monitoring commitments and obligations were inadequate because its procedures did not ensure compliance with DoD and Marine Corps criteria. By not complying with DoD and Marine Corps criteria, the Marine Corps Systems Command could not ensure that the funds for military equipment programs were accurately recorded and properly monitored. Ineffective internal controls may also increase the risk of Antideficiency Act violations. The Commandant of the Marine Corps should revise the Marine Corps Order P7300.21 to include the DoD Financial Management Regulation, volume 3, chapter 8 requirement that funds should be obligated no later than 10 calendar days after an obligation has been incurred and within the same month for obligations of $100,000 or more. The Commander, Marine Corps Systems Command should establish and implement standard operating procedures and controls to ensure that military equipment funds are obligated and deobligated in a timely manner, that documentation is retained, and that the triannual review process is implemented. The Finding section of this report contains detailed recommendations.