Weak Internal Financial Control at USMMA

September 10, 2009

The Government Accountability Office (GAO) issued a report of its examination of internal financial controls at the US Merchant Marine Academy (USMMA). The report states that internal control weaknesses resulted in improper sources and uses of funds. Some midshipmen fee assessments were unrelated to goods and services provided to the midshipmen. The Academy improperly entered into some sole-source agreements with the Global Maritime and Transportation School (GMATS) and then inappropriately accepted and used GMATS funds. There were questionable billing and payment transactions related to use of the Academy’s training ship Kings Pointer. The report noted that some corrective actions are under way. GAO-09-635 (9/9/09).

(Source: Bryant’s Maritime News)

Logistics News

South Africa's Transnet Agrees Equipment Deal with Liebherr

South Africa's Transnet Agrees Equipment Deal with Liebherr

Port of Long Beach Orders Two Ship-to-Shore Cranes

Port of Long Beach Orders Two Ship-to-Shore Cranes

MELTRIC Introduces the P66 Industrial Plug and Receptacle

MELTRIC Introduces the P66 Industrial Plug and Receptacle

Port Houston Maintains Steady Growth in Q3

Port Houston Maintains Steady Growth in Q3

Subscribe for Maritime Logistics Professional E‑News

Tunnel under the Alps connects Italy and Austria
Texas Governor signs bill to crack down on abortion pills ordered by mail
Oneworld Alliance looks to India as a partner in its expansion.