Download or read book Reporting the Cost of Military Personnel Assigned to Defense Agencies written by and published by . This book was released on 2001 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public Law 101-576, the Chief Financial Officers Act of 1990, November 15, 1990, as amended by Public Law 103-356, the Federal Financial Management Act of 1994, October 13, 1994, requires DoD and other Government agencies to prepare annual audited financial statements. Although not required by the Federal Financial Management Act, DoD believes that progress in achieving a favorable audit opinion to the DoD Agency-wide financial statements can be achieved if selected Defense agencies prepare annual stand-alone financial statements audited by certified public accounting firms. Therefore, in FY 2000, DoD required nine Defense agencies to prepare stand-alone financial statements. Of the nine Defense agencies, five had military personnel costs that were not recognized in the required financial statements.