DOD financial management : improvements needed in Army's efforts to ensure the reliability of Its statement of budgetary resources : Report to Congressional committees.

Format:

Book

Government document

Author/Creator:

United States. Government Accountability Office, issuing body.

Standardized Title:

DOD financial management (2014 May)

Language:

English

Subjects (All):

United States. Army--Appropriations and expenditures.

United States.

United States. Army--Accounting--Evaluation.

United States. Army--Auditing--Evaluation.

United States. Army.

Armed Forces--Appropriations and expenditures.

Physical Description:

1 online resource (ii, 49 pages) : color illustrations

Other Title:

Department of Defense financial management : improvements needed in Army's efforts to ensure the reliability of Its statement of budgetary resources

Improvements needed in Army's efforts to ensure the reliability of its statement of budgetary resources

Place of Publication:

[Washington, D.C.] : United States Government Accountability Office, 2014.

System Details:

text file PDF

Summary:

The National Defense Authorization Act for Fiscal Year 2013 requires the Department of Defense (DOD) to describe how its statement of budgetary resources (SBR) will be validated as ready for audit by September 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. GAO is mandated to audit the U.S. government's consolidated financial statements, including activities of executive branch agencies such as DOD. 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. GAO reviewed the Army's FIP to determine whether it contained the elements required by the FIAR Guidance and reviewed test results, status reports, and other deliverables.

Contents:

Background

The Army did not fully follow FIAR guidance in determining the scope of its general fund budget execution audit readiness efforts

The Army did not effectively implement key tasks in its budget execution FIP in accordance with FIAR guidance

Conclusions.

Notes:

"May 2014."

Includes bibliographical references.

Online resource; title from PDF title page (GAO, viewed June 10, 2014).

"GAO-14-60."

OCLC:

881228379