FINANCIAL MANAGEMENT: Financial Control and System Weaknesses Continue to Waste DOD Resources and Undermine Operations

Abstract

The severe shortcomings in DOD's financial operations that I will discuss today further demonstrate the importance of expanding the Chief Financial Officers (CFO) Act requirements that I addressed in February before this Committee.2 Specifically, expanding and making permanent the requirement for audited financial statements in DOD, as well as for agencies governmentwide, is critical to ensuring basic accountability and to making available the facts needed to run our government more efficiently. As requested, I will focus my remarks on updating you on the status of DOD's progress in addressing problems in five important areas.

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Document Details

Document Type
Technical Report
Publication Date
Apr 12, 1994
Accession Number
AD1168390

Entities

People

  • Charles Arthur Bowsher

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Active Duty
  • Air Force
  • Army Personnel
  • Business Administration
  • Computer Programs
  • Contractors
  • Contracts
  • Control Systems
  • Corporate Information Management
  • Department Of Defense
  • Employment
  • Finance
  • Financial Management
  • Information Systems
  • Law
  • Management Personnel
  • Money
  • Organizational Structure
  • Personnel Management
  • Reliability
  • United States

Readers

  • Defense Financial Management and Audit.
  • Systems Analysis and Design