scope:

Purpose:

In accordance with the authority in DoD Directive 5135.02, this issuance:

• Establishes policy, assigns responsibilities, and prescribes procedures for the management of physical accountability of DoD-owned assets including general equipment (GE), materiel, and operating material and supplies (OM&S).

• Establishes sustainable and auditable physical inventory processes that produce an accurate and complete accountability of DoD-owned assets with a full reconciliation of DoD-owned assets to the financial records.

• Establishes the overarching policy for physical accountability with references to the existing issuances with DoD-owned asset accountability procedures for GE, materiel, and OM&S.

• Ties the logistics, financial, and audit communities together with a common framework of required outcomes for physical accountability of DoD-owned assets.