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David Norquist: DoD Developing Financial Database Under Pilot Program

David Norquist, acting deputy secretary of defense, said Wednesday during a Center for the National Interest event in Washington, D.C. the Department of Defense is developing a financial audit database, FCW.com reported Wednesday.

Norquist said the pilot program aims to resolve issues cited by the DoD inspector general’s first ever audit issued in November 2018. The program will utilize the DoD IG’s audit findings and enable budget analysts to view the department’s transaction history to foster accountability and take corrective actions.

Norquist noted that the department doesn’t have a projected cost for repairing its information technology systems throughout the multi-year effort. He added that the Pentagon has begun working through its second financial audit.

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