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Tag Archives: financial audit

David Norquist: DoD’s Inaugural Financial Audit to Cost $367M in 2018

David Norquist, Defense Department comptroller, has said the first departmentwide financial statement audit is expected to cost approximately $367 million this year, DoD News reported Wednesday. “We also anticipate spending about $551 million in 2018 fixing problems identified by the auditors,” he said Wednesday during his testimony before the House Armed Services Committee. …

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James Mattis: DoD’s ‘Three Lines of Effort’ Seek to Maintain US Military Edge

Defense Secretary James Mattis has issued a memorandum that details the Defense Department’s “three lines of effort” that aim to maintain U.S. military superiority amid security threats posed by North Korea, Russia, China, Iran and the Islamic State militant organization, DoD News reported Wednesday. Mattis wrote in the Oct. 5 memo …

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Profile: Anita Bales, Director of Defense Contract Audit Agency

Anita Bales has served as director of the Defense Contract Audit Agency since the end of August 2014 and is in charge of the agency’s global operations and resources. She provides executive direction to DCAA’s professional auditors and other personnel as well as oversees program planning, development, implementation and evaluation in support …

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GAO Says Federal Financial Statement Flawed, Incomplete

The Government Accountability Office said on Wednesday it was not able to give an opinion on the Treasury Department‘s annual financial statement for the entire government. In his 6-page statement accompanying the full report, Comptroller General Gene Dodaro cited “material weaknesses in internal control over financial reporting and other limitations on the …

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