DOD Financial Management Integrated Approach, Accountability, Transparency, and Incentives Are Keys to Effective Reform

Abstract

It is a pleasure to be here to discuss financial management at the Department of Defense (DOD). Today, DOD faces financial management problems that are pervasive, complex, long-standing, and deeply rooted in virtually all business operations throughout the department. DODs financial management deficiencies, taken together, represent the single largest obstacle to achieving an unqualified opinion on the U.S. governments consolidated financial statements. To date, none of the military services or major DOD components have passed the test of an independent financial audit because of pervasive weaknesses in financial management systems, operations, and controls.

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Document Details

Document Type
Technical Report
Publication Date
Mar 06, 2002
Accession Number
AD1166848

Entities

People

  • David M. Walker

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Biomedical
  • Cyber
  • Weapons Technologies

DTIC Thesaurus Topics

  • Accountability
  • Acquisition
  • Best Practices
  • Business Administration
  • Civilian Personnel
  • Contract Administration
  • Contracts
  • Department Of Defense
  • Financial Management
  • Information Systems
  • Management Personnel
  • Money
  • National Security
  • Organizational Structure
  • Personnel Management
  • Procurement
  • Standards
  • United States

Readers

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