[PDF] Dods Plans For Financial Management Improvement And Achieving Audit Readiness eBook

Author : United States Congress
Publisher : Createspace Independent Publishing Platform
Page : 84 pages
File Size : 31,19 MB
Release : 2017-10-09
Category :
ISBN : 9781978116405

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DOD's plans for financial management improvement and achieving audit readiness: hearing before the Panel on Defense Financial Management and Auditability Reform of the Committee on Armed Services, House of Representatives, One Hundred Twelfth Congress, first session, hearing held July 28, 2011.

Author : United States House of Representatives
Publisher :
Page : 84 pages
File Size : 31,43 MB
Release : 2019-09-18
Category :
ISBN : 9781693688997

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DOD's plans for financial management improvement and achieving audit readiness: hearing before the Panel on Defense Financial Management and Auditability Reform of the Committee on Armed Services, House of Representatives, One Hundred Twelfth Congress, first session, hearing held July 28, 2011.

Author : Asif A. Khan
Publisher : DIANE Publishing
Page : 34 pages
File Size : 22,22 MB
Release : 2011
Category : Business & Economics
ISBN : 1437940641

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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.

Author : Asif A. Khan
Publisher : DIANE Publishing
Page : 74 pages
File Size : 10,24 MB
Release : 2010
Category : Business & Economics
ISBN : 1437917747

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Since the first financial statement audit was attempted at a major DoD component over 20 years ago, auditors have continued to report significant weaknesses in DoD's ability to provide timely, reliable, consistent, and accurate info. for mgmt. analysis, decision-making, and reporting. In 2005, the Financial Improve. and Audit Readiness (FIAR) Directorate was established in DoD to manage financial improvement efforts and to integrate those efforts with transformation activities across the dept. This report analyzes this plan to identify any areas where improvements are needed to enhance the plan's effectiveness as a mgmt. tool for reporting on DoD's efforts to identify and resolve its financial mgmt. weaknesses and achieve financial statement auditability.

Author : Office, U.s. Government Accountability
Publisher :
Page : 26 pages
File Size : 20,2 MB
Release : 2017-08-16
Category :
ISBN : 9781974622023

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"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..."

Author : U.s. Government Accountability Office
Publisher : Createspace Independent Publishing Platform
Page : 28 pages
File Size : 26,84 MB
Release : 2017-08-05
Category :
ISBN : 9781974263936

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" Over the years, the Department of Defense (DOD) has initiated several efforts intended to improve its financial management operations and ultimately achieve an unqualified (clean) opinion on its financial statements. These efforts have fallen short of sustained improvement in financial management and financial statement auditability. In this statement, GAO provides its assessment of DOD's progress toward: (1) producing an auditable Statement of Budgetary Resources (SBR) by fiscal year 2014 and a complete set of auditable financial statements by fiscal year 2017, including the development of interim milestones for both aforementioned audit readiness goals; (2) acquiring and implementing new enterprise resource programs and other critical financial management systems; (3) reengineering business processes and instituting needed controls; and (4) implementing a comprehensive business enterprise architecture and transition plan, and improved investment control processes. This statement is primarily based on GAO's prior work related to the department's efforts to achieve audit readiness, implement modern business systems, and reengineer its business processes. GAO also obtained and compared key milestones in a February 2012 DOD briefing on its updated plans to accelerate achieving SBR auditability with the May 2011 Financial Improvement and Audit Readiness plan but did not independently verify the updated"

Author : Asif A. Khan
Publisher :
Page : 55 pages
File Size : 13,76 MB
Release : 2014-07-03
Category :
ISBN : 9781457855535

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The Nat. Defense Authorization Act for FY 2013 requires the Dept. of Defense (DOD) to describe how its Statement of Budgetary Resources (SBR) will be validated as ready for audit by Sept. 30, 2014. The DOD Comptroller issued the Financial Improvement and Audit Readiness (FIAR) Guidance to provide a standard methodology for DOD components to use to develop and implement financial improvement plans (FIPs), improve financial management, and achieve audit readiness. The Army's FIP for budget execution provides a framework for planning, executing, and tracking essential steps with supporting documentation to achieve audit readiness of its General Fund SBR. This report identifies the extent to which the Army developed and implemented its General Fund SBR FIP for budget execution in accordance with the FIAR Guidance with regard to (1) determining the scope of activities included in the FIP and (2) completing those activities included in the scope of the FIP. Table and figures. This is a print on demand report.

Author : Government Accountability Government Accountability Office
Publisher : CreateSpace
Page : 48 pages
File Size : 39,38 MB
Release : 2014-12-31
Category :
ISBN : 9781503226647

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In 2005, the DOD Comptroller established the FIAR Directorate, consisting of the FIAR Director and his staff, to develop, manage, and implement a strategic approach for addressing financial management deficiencies, achieving audit readiness, and integrating those efforts with other initiatives. Also in 2005, DOD first issued the FIAR Plan-a strategic plan and management tool for guiding, monitoring, and reporting on the department's ongoing financial management improvement efforts and for communicating the department's approach to addressing its financial management weaknesses and achieving financial statement audit readiness.