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New GAO Report of Interest on DoD Auditability

The Government Accountability Office (GAO) has issued new testimony of interest entitled “GAO-23-106941 DOD Financial Management: Efforts to Address Auditability and Systems Challenges Need to…

New GAO Report of Interest on DoD Auditability

New GAO Report of Interest on DoD Auditability
Bill Kobren

The Government Accountability Office (GAO) has issued new testimony of interest entitled “GAO-23-106941 DOD Financial Management: Efforts to Address Auditability and Systems Challenges Need to Continue”. According to the GAO, “DOD is the only large federal agency that has never achieved a "clean" audit opinion—which is when financial statements are presented fairly and consistent with accounting principles. This testimony discusses challenges DOD faces in addressing its long-standing issues with:

  • Financial management
  • Business systems modernization
  • Overall operations
  • Its ability to achieve a clean audit opinion on its financial statements

For example, we've found that DOD hasn't created plans that have detailed procedures for addressing these known problems. DOD's financial management and business systems modernization have been on our High-Risk List since 1995.”

For additional resources on this important topic, encourage readers to check out a Compendium of FIAR and Property Management Resources, as well the upcoming August 21, 2023 “Logistics LIVE: Ready, Aim, FIAR and Product Support” and the recent June 26, 2023 “Logistics LIVE: FIAR – Why Should I Care?” webinars.