Download or read book Department of Defense financial audits highlight continuing challenges to correct serious financial management problems written by and published by DIANE Publishing. This book was released on with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Department of Defense Financial Audits Highlight Continuing Challenges to Correct Serious Financial Management Problems written by and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The audits of DOD'S and individual military services' financial statements for fiscal year 1997 performed by the DOD Inspector General (IG) and the service audit agencies, as well as our audit of the U.S. government's financial statements, have provided further clarification of the scope and magnitude of the Department's problems, and recommendations to correct them. These problems range from an inability to properly account for billions of dollars in assets, to not properly estimating the full extent of the government's liabilities, to not being able to accurately report disbursements and account for basic transactions. Collectively, these problems leave DOD highly vulnerable to the loss of assets and inefficient operations. I will focus my remarks today on the serious material weaknesses now confronting the Department, the resulting impact on DOD'S ability to effectively carry out its programs and operations, and the efforts underway to address these deficiencies.
Download or read book Von Newton bis Fraunhofer written by and published by . This book was released on 1981 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Department of Defense written by Gene L. Dodaro and published by . This book was released on 1998 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book T Aimd Nsiad 98 158 Department of Defense written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-03-12 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: T-AIMD/NSIAD-98-158 Department of Defense: Financial Audits Highlight Continuing Challenges to Correct Serious Financial Management Problems
Download or read book Dept Of Defense Financial Audits Highlight Continuing Challenges To Correct Serious Financial Management Problems 160246 U S GAO April 16 1998 written by and published by . This book was released on 1999* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Department of Defense status of financial management weaknesses and actions needed to correct continuing challenges written by and published by DIANE Publishing. This book was released on with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Department of Defense Financial Management Improvement and Audit Readiness Efforts Continue to Evolve written by Asif A. Khan and published by DIANE Publishing. This book was released on 2011 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a print on demand edition of a hard to find publication. As one of the largest and most complex organizations in the world, the DoD faces many challenges in resolving its pervasive and long-standing financial mgmt. and related business operations and systems problems. DoD is required by various statutes to: (1) improve its financial mgmt. processes, controls, and systems to ensure that complete, reliable, consistent, and timely info. is prepared and responsive to the financial info. needs of agency mgmt. and oversight bodies; and (2) produce audited financial statements. This statement provides a perspective on DoD's current efforts to address its financial mgmt. weaknesses and achieve auditability, including the status of its Enterprise Resource Planning system implementations. Charts and tables.
Download or read book Dod Financial Management Effect of Continuing Weaknesses on Management and Operations and Status of Key Challenges written by U.s. Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-07-28 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: " Given the federal government's continuing fiscal challenges, it is more important than ever that the Congress, the administration, and federal managers have reliable, useful, and timely financial and performance information to help ensure fiscal responsibility and demonstrate accountability, particularly for the federal government's largest department, the Department of Defense. GAO has previously reported that serious and continuing deficiencies in DOD's financial management make up one of three major impediments to achieving an opinion on the U.S. government's consolidated financial statements. GAO's statement focuses on (1) the effect of continuing financial management challenges on DOD management and operations and (2) DOD's efforts to improve financial management and its remaining challenges. GAO's statement is primarily based on previously issued reports, including GAO's updates on DOD high-risk areas and its audit reports on DOD's financial management, inventory management and asset visibility, weapon system costs, business transformation, and business system modernization. "
Download or read book Dod Financial Management written by Office, U.s. Government Accountability and published by . This book was released on 2017-08-16 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Department of Defense (DOD) has initiated several efforts over the years to address its long-standing financial management weaknesses and ultimately achieve unqualified (clean) opinions on its financial statements. In 2005, the DOD Comptroller first issued the Financial Improvement and Audit Readiness (FIAR) Plan for improving financial management and reporting. In May 2010, the DOD Comptroller issued the FIAR Guidance to provide standardized guidance to DOD components for developing Financial Improvement Plans (FIP) to implement the FIAR Plan.GAO's testimony focuses on (1) progress made by the DOD Comptroller in developing and issuing the FIAR Guidance, (2) challenges faced by DOD components in implementing the FIAR Guidance, and (3) improvements needed in DOD's oversight and monitoring of FIAR implementation efforts.This statement is based on four audits that were undertaken at the request of this subcommittee and other congressional requesters to evaluate the progress DOD is making in implementing its FIAR Plan and FIAR Guidance. GAO addresses findings and recommendations from two reports being issued this week (GAO-11-830 and GAO-11-851) and preliminary information from two ongoing audits. Each audit demonstrates some of the challenges DOD faces in improving its financial management and achieving..."
Download or read book Winning the War on Financial Management written by United States. Congress. House. Committee on Government Reform. Subcommittee on Government Efficiency and Financial Management and published by . This book was released on 2003 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book DOD s Plans for Financial Management Improvement and Achieving Audit Readiness written by United States. Congress. House. Committee on Armed Services. Panel on Defense Financial Management and Auditability Reform and published by . This book was released on 2011 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Organizational Challenges in Achieving Sound Financial Management and Audit Readiness written by United States. Congress. House. Committee on Armed Services. Panel on Defense Financial Management and Auditability Reform and published by . This book was released on 2011 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book DOD financial management more reliable information key to assuring accountability and managing defense operations more efficiently written by and published by DIANE Publishing. This book was released on 1999 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent audits of the fiscal year 1998 financial statements for DOD and the individual military services, performed by the DOD Inspector General (IG) and the service audit agencies, and our report on the U.S. government's financial statements have highlighted many critical DOD financial management problems. These problems not only hamper the department's ability to produce timely and accurate financial management information, but also significantly impair efforts to improve the economy and efficiency of its operations. Key areas of concern relate to ineffective asset control and accountability, which affects DOD's visibility over weapons systems and inventory, and unreliable cost and budget information, which affects DOD's ability to effectively measure performance, reduce costs, and maintain adequate funds control.
Download or read book Department of Defense Status of Financial Management Weaknesses and Actions Needed to Correct Continuing Challenges written by and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report outlines DOD's most serious financial management weaknesses, describes the resulting impact on the department's ability to effectively carry out its programs and operations, and highlights the efforts underway to address these deficiencies. These actions must be implemented effectively for DOD to be able to (1) properly account for and report (a) billions of dollars of inventory and property, plant, and equipment and (b) national defense assets, primarily weapon systems and support equipment; (2) estimate and report material amounts of environmental and disposal liabilities and their related costs; (3) determine the liability associated with post-retirement health benefits for military employees; (4) accurately report the net costs of its operations; (5) produce accurate budget data; and (6) determine the full extent of improper payments.
Download or read book DOD Financial Management written by Asif A. Khan and published by . This book was released on 2013-04-01 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Statement of Asif A. Khan, Dir., Financial Mgt. and Assurance, GAO. As one of the largest and most complex organizations in the world, the Dept. of Defense (DOD) faces many challenges in resolving serious problems in its financial management and related business operations and systems. Over the years, DOD has initiated numerous efforts to improve its financial management operations and achieve an unqualified (clean) opinion on the reliability of its reported financial information. These efforts have fallen short of sustained improvement in financial management or financial statement auditability. This report examines the status of DOD’s financial management weaknesses and its efforts to resolve them; the challenges DOD continues to face in improving its financial management and operations; and the status of its efforts to implement automated business systems as a critical element of DOD’s Financial Improvement and Audit Readiness strategy. This is a print on demand report.
Download or read book Department of Defense written by Office, U.s. Government Accountability and published by . This book was released on 2017-08-16 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: "As one of the largest and most complex organizations in the world, the Department of Defense (DOD) faces many challenges in resolving its pervasive and long-standing financial management and related business operations and systems problems. DOD is required by various statutes to (1) improve its financial management processes, controls, and systems to ensure that complete, reliable, consistent, and timely information is prepared and responsive to the financial information needs of agency management and oversight bodies, and (2) produce audited financial statements.DOD has initiated numerous efforts over the years to improve the department's financial management operations and ultimately achieve unqualified (clean) opinions on the reliability of reported financial information.The Subcommittee has asked GAO to provide its perspective on DOD's current efforts to address its financial management weaknesses and achieve auditability, including the status of its Enterprise Resource Planning (ERP) system implementations.GAO's testimony is based on its prior work related to DOD's financial improvement and audit readiness strategy and related activities, including its ERP implementation..."
