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. DOD's financial management deficiencies, taken together, represent the single largest obstacle to achieving an unqualified opinion on the U.S. government's 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 20, 2002
Accession Number
ADA400332

Entities

People

  • Gregory D. Kutz

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Cyber
  • Human Systems
  • Weapons Technologies

DTIC Thesaurus Topics

  • Acquisition
  • Best Practices
  • Business Administration
  • Civilian Personnel
  • Contracts
  • Department Of Defense
  • Financial Management
  • Governments
  • Information Systems
  • Management Personnel
  • Military Operations
  • Money
  • National Security
  • Organizational Structure
  • Personnel Management
  • Procurement
  • Standards

Fields of Study

  • Business

Readers

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