Financial Management: DOD Needs to Clarify Its General Gift Fund Policies to Provide for Effective Oversight.

GIFTS; LEGISLATION; FINANCIAL management; UNITED States. Dept. of Defense; UNITED States. Government Accountability Office; LEGISLATIVE oversight; FINANCE

The article focuses on the issue involving financial management in the U.S. Department of Defense (DOD). The Government Accountability Office (GAO) addresses the need of DOD to provide clarifications on its general gift fund policies for effective oversight. It cites that the DOD has been receiving donations from monetary and nonmonetary gifts from individuals and organizations from 2005 to 2008.