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Air Force on track to meet 2014 financial deadline, official says

Defense Secretary Leon Panetta requested that all of his department's agencies have their auditable financial statements to him by 2014.

Tags: DoD , DoD Report , Air Force , Leon Panetta , Marilyn Thomas , House Armed Services Committe , Congress , Federal Drive

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Senators concerned over TRICARE fee increases

The Pentagon is telling lawmakers military retirees' share of health care costs is going to have to increase if it's going to meet the budget targets Congress and the President handed over with last year's budget control act.

Tags: DoD , Jared Serbu , pay and benefits , TRICARE , Jonathan Woodson , Jim Webb , Kelly Ayotte , Senate , budget

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Air Force 'appalled' by $1B IT system that produced few capabilities

The Air Force's comptroller poured $1 billion into a new enterprise resource planning system with virtually nothing to show for it after seven years. The service is restricting the ERP with details to come in the next few weeks.

Tags: DoD , financial improvement and audit readiness , ERP , Robert McVay , Jamie Morin , Claire McCaskill , Senate Committee on Homeland Security and Government , Army , Navy , Marine Corps , Air Force , Robert Work , Jared Serbu

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Updated: DoD to quadruple TRICARE fees for higher-earning retirees

The personnel proposals included in the 2013 Defense Department budget include hikes to healthcare fees, cutbacks in both uniformed and civilian personnel. DoD also plans to save money through continued efficiencies and plans to increase the acquisition workforce.

Tags: DoD , DoD budget , workforce , pay and benefits , retirement , TRICARE , acquisition workforce , budget , Jared Serbu , BRAC , IT efficiencies , DoD Update

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Raises, bases are potential victims of DoD budget cuts

The Pentagon begins the process of revealing its budget plan for fiscal year 2013. The proposal includes the scaling back of several weapons systems, savings on personnel costs, along with an assurance from top DoD officials that even though the military will be smaller, it will be more agile and more capable.

Tags: DoD , DoD budget , reversibility , efficiencies , Budget Control Act , sequestration , strategic guidance , Leon Panetta , James Winnefeld , Martin Dempsey , pay and benefit , workforce , Jared Serbu , On DoD , retirement , TRICARE , acquistion workforce , budget , BRAC , IT efficiencies

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DoD's audit goals achievable, Congressional inquiry finds

A special House panel finds DoD's audit plan is credible, but successful implementation will depend on commitment of Defense components and future leaders.

Tags: DoD , Congress , House Armed Services Committee , management , financial management , auditability , CFO , CFO Act , Mike Conaway , Adam Smith , financial improvement and readiness plan , statement of budgetary resources , Senior Executives Service , workforce , budget , Jared Serbu , DoD Report

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DoD plans more formalized training for financial managers

The Pentagon has standardized, course-based training and certification programs for its acquisition workforce. DoD's CFO wants comparable standards for the department's financial management community.

Tags: Defense , On DoD , Jared Serbu , auditability , financial management , GAO , Marines Corps , Navy , workforce , DAU , training

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Senate wants new legal deadline for DoD audits

Defense Secretary Leon Panetta has told DoD he wants it to be ready for a partial audit by 2014. The Senate this week is considering taking that goal and making it law.

Tags: DoD , management , financial management , Congress , Senate , audit readiness , JoAnn Boutelle , Deloitte , Kelly Ayotte , Jared Serbu

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Defense Contract Audit agency not improving fast enough

DoD inspector general finds continued audit quality problems. Senate committee says making DCAA independent should be considered.

Tags: contracting , April Stephenson , Greg Kutz , Sen. Joseph Lieberman , Sen. Susan Collins , Sen. Tom Coburn , Gordon Heddell , DoD , DCAA , Senate Homeland Security and Government Affairs Co , GAO , inspector general , contract audits , acquisition reform

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GAO praises DoD audit plans, questions implementation

In reports and testimony to Congress, the Government Accountability Office finds DoD has built a credible plan to meet a Congressionally-mandated full financial audit by 2017. However, the audit agency is skeptical the military branches will be able to implement the plan in time.

Tags: DoD , management , financial management , Congress , Jamie Morin , Tom Coburn , Gladys Commons , audit readiness , GAO , Asif Khan , Jared Serbu

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