GAO Unable to Audit DoD Budget

CDG

Mittens
Verified Military
Joined
Apr 15, 2011
Messages
6,934
So, apparently the GAO was trying to audit budgets. As it turns out, shit is so bad, and so disorganized, that the auditors didn't even have enough to go on to file actual reports. :wall::wall::wall:


"The Schedules of Budgetary Activity (Budgetary Schedules) for the Army, Navy, and Air Force for fiscal year 2015 reflected current year budget activity as an interim step toward producing an auditable Statement of Budgetary Resources that will reflect multiyear budget activity. All three of the independent public accountants (IPA) contracted to audit these fiscal year 2015 Budgetary Schedules issued disclaimers, meaning that the IPAs were unable to express an opinion because of a lack of sufficient evidence to support the amounts presented. The IPAs for all three military services also identified material weaknesses in internal control and collectively issued a total of over 700 findings and recommendations. These weaknesses included, among other things, the military services’ inability to reasonably assure that the Budgetary Schedules reflected all of the relevant financial transactions that occurred and that documentation was available to support such transactions."
 
Back
Top