December 2013 was a major milestone on DoD’s path to audit-ready financial statements. The Marine Corps became the first military service in history to get a clean opinion on a major part of its general fund. But new information has come to light since then, and on Monday, the DoD inspector general rescinded its favorable audit opinion – saying it’s no longer reliable. Congressman Mike Conaway (R-Texas) is a member of the House Armed Service Committee and is focused intently on DoD audit readiness over the last several years. He spoke with Federal News Radio’s Jared Serbu about the latest developments and what they mean for DoD’s broader audit goals. Read Jared’s related article.

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