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11:41 pm, March 28, 2015

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Search Tags:  DoD audit

Rep. Mike Conaway (R-Texas)

December 2013 was a major milestone on DoD's path to audit-ready financial statements. The Marine Corps became the first military service in history to get a clean opinion on a major part of its general fund. But new information has come to light since then, and on Monday, the DoD inspector general rescinded its favorable audit opinion - saying it's no longer reliable. Congressman Mike Conaway (R-Texas) is a member of the House Armed Service Committee and is focused intently on DoD audit readiness over the last several years. He spoke with Federal News Radio's Jared Serbu about the latest developments and what they mean for DoD's broader audit goals.

Tags: rep. mike conway (r-texas) , Jared Serbu , DoD IG , In Depth , Federal Drive

Tuesday - 03/24/2015, 05:01pm EDT
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DoD nominees face scrutiny over Pentagon plan to shrink compensation costs

Just a day after Defense Secretary Chuck Hagel proposed reductions in military end-strength and shrinking compensation costs as part of next year's budget plan, a slate of nominees to lead key offices at the Pentagon faced congressional scrutiny.

Tags: Senate , Congress , budget , Chuck Hagel , DoD budget , Robert Work , Mike McCord , LCS , John McCain , Carl Levin

Tuesday - 02/25/2014, 03:29pm EST

Bill puts contract spending on the hook if Pentagon misses audit deadline

New legislation introduced by Sens. Tom Coburn (R-Okla.) and Joe Manchin (D-W.Va.) pushes the Pentagon toward being ready for a full financial audit by restricting spending on major weapons programs if DoD fails to get its books in order.

Tags: DoD , budget , audit readiness , financial management , Congress , Senate , Tom Coburn , Joe Manchin , Jack Moore

Wednesday - 09/18/2013, 02:22pm EDT