DOD Financial Management: Improving Systems Planning and Oversight Could Improve Auditability : Government Accountability Office (GAO) , September , 2023
DOD Financial Management: Improving Systems Planning and Oversight Could Improve Auditability : Government Accountability Office (GAO) , September , 2023
From the document: "For over 30 years, the Department of Defense (DOD) has spent billions of dollars each year to acquire and modernize financial management, logistics, and other business systems. DOD’s Fiscal Year 2023 IT and cyberspace budget includes $9.1 billion for business system investments. The goal of these efforts is to, among other things, improve management of DOD’s business processes, increase efficiency, modernize its supporting systems environment, and achieve a clean audit opinion (i.e. an independent auditor determines that financial statements were presented fairly in accordance with generally accepted accounting principles). A clean audit opinion could help DOD to, among other things, improve its accountability over its extensive resources. For example, DOD reported that the Navy identified more than $4.4 billion in previously untracked material through inventory cleanup and redeployment programs dating back to 2018."
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