Pentagon’s Audit Readiness Still a Work in Progress

For years, Pentagon financial staff and outside critics have kept 2017 on the radar as the target year for achieving clean internal books to help get the Defense Department’s auditability issues off the Government Accountability Office’s high-risk list.

It appears the department has a lot of work left to achieve that goal. Last Thursday, GAO released a 70-page review of recent offerings by all the military services, concluding that “significant efforts are still needed for remediating audit readiness deficiencies.”

Hindering progress toward a departmentwide Statement of Budgetary Resources that will reflect multiyear budget activity is the fact that all three of the independent public accountants contracted to audit the services’ fiscal 2015 budgetary schedules “were unable to express an opinion because of a lack of sufficient evidence to support the amounts presented,” GAO wrote.

Continue reading: