DoD at risk of missing 2017 audit deadline

Wednesday - 8/22/2012, 9:47am EDT

The Defense Department stands a good chance of missing its deadline to produce auditable financial statements by 2017.

DoD is under Congressional orders to clean up its books. GovExec reports there's progress, but it's not coming fast enough.

Dan Blair, DoD's deputy inspector general for auditing, blames delays on a new, resource planning system. He says the department has inconsistent controls and unreliable data.

DoD is supposed to deliver an auditable Statement of Budgetary Resources by 2014.

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