...management. In addition, the Department's financial management deficiencies, taken together, continue to represent the single largest obstacle to achieving...government's consolidated financial statements. To address these deficiencies, in the short term, DOD needs to focus on improving its basic processes...

...remains a high-risk area for the Department. To date, no major part of the Department's operations has passed the test of an independent financial audit because of pervasive weaknesses in the Department's financial management systems, operations, and controls. Also, despite genuine progress,...

...operations, and controls. These weaknesses, taken together, continue to represent the largest single obstacle to achieving an unqualified opinion on the...US government's consolidated financial statements. None of the military services or major DOD components has yet passed the test of an independent financial...

...Report of the US Government,' DOD's financial management deficiencies, taken together, continue to represent the single largest obstacle to achieving...financial management systems, operations, and controls. These weaknesses not only hamper the department's ability to produce timely and accurate financial...

...statements subjected to audit, it is appropriate to focus particular attention on the most serious obstacles to achieving an unqualified opinion on the US government's consolidated financial statements. These obstacles include ( 1 ) financial management problems at specific agencies that have not ycl...

...discuss financial management at the Department of Defense (DOD). Today, DOD faces financial and related management problems that are pervasive, complex, long-standing,...none of the military services or major DOD components has passed the test of an independent fmancial audit because of weaknesses in financial management...

...to waste, fraud, abuse, and mismanagement. Taken together, DOD's financial management deficiencies represent the single largest obstacle to achieving...US government's consolidated financial statements. DOD continues to face financial management problems that are pervasive, complex, long-standing, and...

...for the previous 6 fiscal years. To date, none of the military services or major DOD components has passed the test of an independent financial audit because of pervasive weaknesses in DOD's financial management systems, operations, and internal control, including an inability to compile...

...its major components from passing the test of an independent financial audit and are a significant obstacle to achieving an unqualified opinion on the...US government's consolidated financial statements. Overhauling DOD's financial management represents a major challenge 'that goes far beyond financial...

...its major components from passing the test of an Independent financial audit and are a significant obstacle to achieving an unqualified opinion on the...US government's consolidated financial statements. Overhauling IH n • V financial management represents a major challenge "that goes far beyond financial...