Naval Audit Service PDF Download

The Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994, requires an audit of the Navy financial statements. We delegated the audit of the FY 1996 Department of the Navy Statement of Financial Position to the Naval Audit Service on May 17, 1996. This report provides our endorsement of the Naval Audit Service disclaimer of opinion on the Department of the Navy Statement of Financial Position, along with the Naval Audit Service Report, "Department of the, Navy Fiscal Year 1996 Annual Financial Report: Report on Auditor's Opinion. Audit Objective. The audit objective was to determine the accuracy and completeness of the audit of the Navy Statement of Financial Position for FY 1996 conducted by the Naval Audit Service. See Appendix C for a discussion of the audit process. The Naval Audit Service Report, "Department of the Navy Fiscal Year 1996 Annual Financial Report: Report on Auditor's Opinion," March 1, 1997, stated that the auditors were unable to express an opinion on the Statement of Financial Position. We concur with the Naval Audit Service disclaimer of opinion; our endorsement of that disclaimer is Appendix A. The Naval Audit Service report is Appendix B. Summary of Recommendations and Management Comments. This report contains no recommendations that are subject to resolution in accordance with DoD Directive 7650.3. Accordingly, comments are not required.