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"The Army does not maintain an accurate accounting of equipment shipped to
contractors for repair, leaving it vulnerable to loss or theft, according to a
recent report from congressional auditors.
The Government Accountability Office report (GAO-06-209), sent to Congress
Dec. 13, 2005, and released publicly later in the month, found that the Army
fails to consistently follow Pentagon policy in recording shipment receipts in
its inventory management systems.
In analyzing fiscal 2004 shipment data from two of the Army's three inventory
control points -- the Army Aviation and Missile Command and the Army
Tank-Automotive and Armaments Command -- GAO found that the Army could not
confirm that an estimated 42 percent of the unclassified repair shipments,
valued at $481.7 million, and 37 percent of the classified repair shipments,
valued at $8.1 million, were actually received by contractors.
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