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Search Tags: audit readiness
The Defense Department's attitude toward the importance of auditability has undergone a marked change, but experts believe compliance with its next legal deadline will be a stretch.
DoD's top financial manager says the Pentagon is pressing forward to meet Congressional edicts for auditable financial statements. But constant federal budget emergencies are sapping huge amounts of energy from the financial workforce tasked with preparing for audit.
Tags: DoD , financial management , Robert Hale , Elizabeth McGrath , Congress , Air Force , Navy , Gladys Commons , Marilyn Thomas , DEAMS , ERP , House Armed Services Committee , budget , Jared Serbu , DoD Report , Federal Drive
The Government Accountability Office says that even while the Army has made some strides toward improving its pay practices, the service is a long way off from the kind of data integrity independent experts would need to see in order to green light the systems as audit-ready.
Tags: DoD , Congress , Army , management , financial management , House Oversight and Government Reform Committee , Senate Committee on Homeland Security and Government , pay and benefits , workforce , GAO , Asif Khan , Kirk Zechinni , IPPS-A , Jeanne Brooks , James Watkins , DFAS , DMDC , Jared Serbu
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.
The Pentagon faces an uphill climb in getting ready for an audit of its consolidated financial statements by 2017, outside experts said Thursday. Nonetheless, the goal is achievable if the push is sustained by future secretaries of Defense.
Tags: DoD , management , financial management , DISA , DFAS , Army Corps of Engineers , DCAA , JoAnn Boutelle , Mark Keeley , Tracy Porter , Deloitte , Grant Thornton , PricewaterhouseCoopers , Jared Serbu
Defense Secretary Leon Panetta wants the department to have at least part of its books ready for audit well in advance of the Congressionally-mandated 2017 deadline. The edict could prove challenging for some components of DoD.
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.
The Defense Department's deputy chief financial officer said Friday that the department believes it will achieve the 2017 deadline to produce auditable financial statements. DoD is approaching the problem in way that makes clear that clean books are not only the responsibility of its accountants, he said.