DoD audit

• Conaway: Reason for optimism as DoD begins its first-ever full financial audit

  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.

  On DoD

  January 26, 2018
• Price to complete DoD’s first annual audit: $918 million, 1,200 personnel

  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.

  Defense

  January 11, 2018
• DoD comptroller nominee: ‘It is time to audit the Pentagon’

  Senate Armed Services Committee Chairman John McCain (R-Ariz.) laid the weight of DoD's first audit squarely on the shoulders of David Norquist, President Trump's pick for DoD comptroller. The department hasn't been audited in 17 years, and has spent the past seven engaged in audit-readiness preparations.

  Congress

  May 10, 2017
• Rep. Mike Conaway (R-Texas)

  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 But new information has come to light since then, and on Monday, the DoD inspector general rescinded its favorable audit opinion - saying it's no longer reliable.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.

  All News

  March 24, 2015
• DoD nominees face scrutiny over Pentagon plan to shrink compensation costs

  Just a day after Defense Secretary Chuck Hagel proposed reductions in military end-strength and shrinking compensation costs as part of next year's budget plan, a slate of nominees to lead key offices at the Pentagon faced congressional scrutiny.

  Budget

  February 25, 2014
• Bill puts contract spending on the hook if Pentagon misses audit deadline

  New legislation introduced by Sens. Tom Coburn (R-Okla.) and Joe Manchin (D-W.Va.) pushes the Pentagon toward being ready for a full financial audit by restricting spending on major weapons programs if DoD fails to get its books in order.

  Congress

  September 18, 2013