The Defense Department has pitched preparations for its forthcoming financial statements with goals to meet regulatory requirements and obtain a clean audit opinion.
The Marine Corps will be subject to a trial service-wide audit as part of a readiness test to meet an interim deadline in 2014 for a partial audit and a full audit disclosure by 2017, Federal News Radio reported Friday
Dan Blair, the department’s deputy inspector general, told the station the agency intends to get a clean audit opinion and provide managers and decision makers with reliable data to comply with the 1990 Chief Financial Officer Act.
Jared Serbu reports the Pentagon’s comptroller’s office is seeking to train the agency’s financial management workforce in commercial accounting-based standards.
Last month, the Pentagon approved last month its first course-based certification program for financial managers who would sign up for the training on spring.
Mark Easton, Pentagon deputy chief financial officer, told the station the department needs to meet both the 2014 and 2017 deadlines to address public confidence issues and improve the department’s audit readiness program.
Pentagon components that have obtained clean audit opinion in the last several years include the Army Corps of Engineers and the Defense Contract Audit Agency, according to the Federal News Radio.