Testimony: Statement of Paul J. Granetto Director Defense Financial Auditing Service Office of the Inspector General Department of Defense to the Subcommittee on Government Efficiency and Financial Management House Government Reform Committee on Defense Financial Management

Abstract

The importance of reliable financial information is reiterated by recent military actions in Afghanistan and Iraq. Decision-makers responsible for planning military actions need reliable financial information so that they can prudently manage available resources and allocate dollars to those processes that yield maximum support for the war fighters. I am pleased to report to you today that the Department of Defense has undertaken an ambitious task to overhaul its financial management systems and business processes. However, current financial statements remain generally unreliable.

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Document Details

Document Type
Technical Report
Publication Date
Jun 25, 2003
Accession Number
ADA421778

Entities

People

  • Paul J. Granetto

Organizations

  • Office of the Inspector General, U.S. Department of Defense

Tags

Communities of Interest

  • Biomedical
  • Weapons Technologies

DTIC Thesaurus Topics

  • Accounting
  • Air Force
  • Army Corps Of Engineers
  • Auditing
  • Business Administration
  • Contracts
  • Department Of Defense
  • Finance
  • Financial Management
  • Governments
  • Information Security
  • Inventory
  • Military Equipment
  • Money
  • National Security
  • Reliability
  • Security

Readers

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