The next Semi-Annual Capital Property Review is scheduled to begin on February 1, 2012; the completion deadline is February 15, 2012. During the week of February 1, 2012, National Materials, Customer Service in Topeka, Kansas, will send out via e-mail the list of items to be verified by the selected finance numbers.
The Semi-Annual Capital Property Reviews are a Sarbanes-Oxley requirement. A list of offices with finance numbers that receive a Semi-Annual Capital Property Certification Report but that do not submit the report on time will be provided to senior management.
As needed, the Asset Accountability Service Centers (AASCs) will be contacting Headquarters, area, district, and local managers to verify the points of contact for the upcoming February 2012 Semi-Annual Capital Property Review. The AASCs will provide instructions and guidelines on how the Semi-Annual Capital Property Reviews are to be conducted by the field and Headquarters groups.
Handbook AS-701, Material Management, is under revision; instructions and guidelines provided by the AASCs will supersede those in Handbook AS-701 where there are conflicts.
— Asset Management Performance & Accountability, Supply Management, 1-26-12
