In an interview, one of the Pentagon’s top auditors says most of the weaknesses uncovered by its first financial audit weren’t a surprise. But there’s reason for optimism.
In DoD’s first financial audit, 46 percent of problematic findings were related to IT, not strictly financial management.
A “disclaimer of opinion” was a foregone conclusion for Pentagon’s first financial audit before it even started. Now the focus turns to what the Defense Department will do with the findings.
Take a look back at this year’s biggest stories from the Defense Department, from proposals to cut the Fourth Estate to attempts to streamline acquisition and the passage of the one of the biggest defense budgets ever.
The Defense Department’s failure to get a clean financial audit in its first go around has riled some members of Congress.
DoD’s first ever audit was a failure, but leaders say what’s important is that the Pentagon learns from it.
Members of the federal oversight community told House lawmakers Wednesday that would-be whistleblowers need to feel comfortable about reporting wrongdoing at their agencies without fear of retaliation.
In today’s Federal Newscast, the USAJobs.gov website is among the first citizen facing sites to use the new Login.gov identity management service.
Rep. Mike Conaway, one of just a few financial accounting experts in Congress, says the Defense Department has already shown tremendous progress as it undertakes its first-ever audit.
Costs of DoD’s full-scope financial audit will approach $1 billion in the effort’s first year, but Defense officials contend the benefits are well worth the price.