Understanding the Results of the Audit of the DoD FY 2020 Financial Statements
Abstract
During FY 2020, the DoD underwent a financial statement audit for the third year. As in prior years, the DoD Office of Inspector General (OIG) performed this audit, and issued a disclaimer of opinion on the Agency-Wide Basic Financial Statements meaning the DoD was unable to provide sufficient evidence for the auditors to support an opinion. The opinions issued by the auditors contain technical language and follow a format dictated by auditing standards. The DoD OIG believes that it is important for nonauditors to understand the results of the audits as well as the value of the audits. The purpose of this report is to summarize in terms understandable to nonauditors the progress made by the DoD, the findings of the DoDs financial statement audits, and the additional actions the DoD should take to address the overall findings of the audit.
Document Details
- Document Type
- Technical Report
- Publication Date
- Feb 23, 2021
- Accession Number
- AD1147960
Entities
People
- Sean W. O'donnell
Organizations
- Office of the Inspector General, U.S. Department of Defense