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.
After years of cajoling by Congress, the Defense Department has finally begun a full audit of its financial statements.
The reorganization plans of three agencies show a trend of consolidating, centralizing back-office functions.
The Trump administration, as it promised, ended the 90-day hiring freeze. Simultaneously it launched an ambitious plan to re-do the executive branch bureaucracy top to bottom.
The Defense Department’s inspector general has reversed its findings on the Marine Corps’ 2012 schedule of budgetary activity, saying the clean opinion it first issued is no longer to be relied upon. The 2012 SBA had been the first successful financial audit for any of the military departments.
The Defense Department’s attitude toward the importance of auditability has undergone a marked change, but experts believe compliance with its next legal deadline will be a stretch.
The House Armed Services Committee is following the success of its acquisition reform panel with a similar approach to Pentagon finances. Reps. Mike Conaway and Rob Andrews will, once again, lead the effort.
DoD Buzz reports on the party changeover within the Armed Services Committee.
The House Armed Services Committee has given unanimous approval to a bill that would mandate sweeping reforms of the Pentagon’s non-weapons system contracting and acquisitions programs. The bill, HR 5013, enjoys broad bi-partisan support and is being fast-tracked for a possible vote as early as next week.
Last year, Congress passed and sent on to President Obama a bill to reform how the Pentagon acquires large weapons systems. Now, House lawmakers are back with a proposal to reform the other 80 percent of Defense Department procurement that does not have to do with weapons.