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8:22 am, November 27, 2014

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Air Force's progress raises DoD's confidence toward audit readiness

The Air Force does a 180 and now predicts it will meet the September and the 2017 financial management deadlines. Government auditors and Senate lawmakers agree the key to this effort is whether the Defense Department can upgrade and improve their track record in implementing ERP systems.

Tags: financial management , DoD , Bob Hale , Air Force , Jamie Morin , Robert Speer , Army , Asif Khan , GAO , Jason Miller

Wednesday - 05/14/2014, 04:24am EDT
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Army prepares to undergo its first large-scale financial audit

The Army hopes to follow behind the Marine Corps in successfully passing a partial audit of its financial statements. While the service acknowledges it's unlikely to get a clean opinion on the first go-round, it is confident enough in its internal controls to give it a try.

Tags: DoD , Army , management , financial management , Kristyn Jones , Jared Serbu , AFCEA , Marine Corps

Thursday - 03/20/2014, 05:08am EDT
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Morin paints challenging way ahead for Air Force's audit readiness

Jamie Morin, the outgoing comptroller and President Barack Obama's nominee to be DoD's second director of Cost Assessment and Program Evaluation office, told lawmakers Thursday that the Air Force would struggle to meet the 2014 financial management deadline. Jo Ann Rooney, the nominee to be undersecretary of the Navy, said furloughs from sequestration and the government shutdown have delayed progress on several programs.

Tags: management , Congress , DoD , Jo Ann Rooney , Jamie Morin , Michael Lumpkin , financial management , Carl Levin , John McCain , Senate Armed Services Committee , acquisition , government shutdown , sequestration , Jason Miller , Air Force , Navy

Thursday - 10/10/2013, 06:27pm EDT
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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 , DoD audit , financial management , Congress , Senate , Tom Coburn , Joe Manchin , Jack Moore

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

DoD makes auditability a priority, but will likely miss 2014 deadline

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.

Tags: Rise of the Money People , DoD , financial management , Congress , Mike Conaway , DoD IG , Dan Blair , Tracy Porter , Grant Thornton , Jared Serbu

Friday - 04/12/2013, 05:28am EDT
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From the Pentagon, a plea for budget normalcy

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

Monday - 09/17/2012, 05:09am EDT
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Army systems leave soldiers vulnerable to late, inaccurate pay

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

Friday - 03/23/2012, 05:37am EDT
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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 , Robert Hale , JoAnn Boutelle , Deloitte , Kelly Ayotte , Jared Serbu

Wednesday - 11/30/2011, 11:04am EST
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Leadership from the top, well-trained workforce are key to DoD audits, experts say

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

Friday - 11/18/2011, 10:54am EST
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Panetta wants full accounting of money in, money out by 2014

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.

Tags: DoD , Congress , budget , Leon Panetta , Martin Dempsey , pay and benefits , military pensions , supercommittee , Jared Serbu , House Armed Services Committee

Friday - 10/14/2011, 05:24am EDT
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