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GAO finds DOD finances too disorganized to audit

February 13, 2017

By Wilson Brissett, includes “… In 2010, Congress required DOD to make its financial statements ready for audit by Sept. 30, 2017. To gauge its progress toward that goal, DOD hired three independent public accountants to conduct audits of the Army, Navy, and Air Force budgetary schedules for fiscal year 2015. Instead of completing their audits, the accountants issued disclaimers of opinion because all three services were “unable to provide sufficient supporting evidence to enable the auditor to express an opinion.” …”

Read the full article on: Air Force Magazine

 
 
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