DOD Financial Management: Significant Efforts Still Needed for Remediating Audit Readiness Deficiencies

Abstract

DOD remains on GAOs High-Risk List because of its long-standing financial management deficiencies. These deficiencies negatively affect DODs audit readiness and its ability to make sound mission and operational decisions. The Army, Navy, and Air Force underwent their first Budgetary Schedule audits for fiscal year 2015.This report, developed in connection with fulfilling GAOs mandate to audit the U.S. governments consolidated financial statements, examines (1) the results of the audits of the fiscal year 2015 Budgetary Schedules for the Army, Navy, and Air Force; (2) the extent to which each military service designed a process to address financial management-related audit findings and recommendations; and (3) the extent to which DOD has designed a department-wide process to monitor and report on audit readiness remediation efforts. GAO reviewed IPA reports and documentation from the military services and DOD Comptroller and interviewed cognizant officials.

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Document Details

Document Type
Technical Report
Publication Date
Feb 01, 2017
Accession Number
AD1026955

Entities

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Air Force
  • Application Software
  • Business Administration
  • Congress
  • Control Systems
  • Department Of Defense
  • Department Of Homeland Security
  • Information Systems
  • Law
  • Management Personnel
  • Money
  • National Governments
  • Supply Chain Management
  • Teamwork
  • Test And Evaluation
  • United States
  • United States Government

Fields of Study

  • Business

Readers

  • Defense Acquisition Program Management
  • Defense Financial Management and Audit.