Validating Aged/Unliquidated Obligations
Financial Managers must validate aged/unliquidated obligations three times per year; unfortunately, they do not do such a good job because the items are so old and the documentation is often missing. Suggest that this function be managed centrally by each component/agency and available documents collected annually. During each review, our office recovers nearly $50M due to invalid aged obligations and we belive that across...
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