The financial statements of the U.S. Marine Corps truthfully and fairly represent the military service’s financial information for fiscal year 2023, according to Ernst & Young. EY issued its unmodified opinion following
MoreThe Department of Defense’s Office of Inspector General has issued a report offering 12 recommendations to contracting officials to address concerns regarding the management and administration of cost-plus-award-fee contracts, known as CPAF.
More by Jane Edwards
The Government Accountability Office has released a new revision of the Government Auditing Standards, also known as the Yellow Book, which contains standards and guidance for federal audit organizations. The 2024 revision
More by Naomi Cooper
The Department of Defense’s Office of Inspector General has recommended that the DOD undersecretary for acquisition and sustainment direct the U.S. Army and other service branches to perform an in-depth assessment of
More by Jane Edwards
The Department of Defense Office of Inspector General will begin auditing the valuation of equipment and other assets used to support Ukraine during its war with Russia. This month’s Audit of the
More by Jamie Bennet
A bipartisan group of Senate lawmakers has introduced a bill that would require the Department of Defense to pass a clean audit in fiscal year 2024. The Audit the Pentagon Act of
More by Naomi Cooper
The majority of artificial intelligence technologies designed to support U.S. military operations are in the development phase of Department of Defense acquisition programs, according to a Government Accountability Office report. GAO caught
MoreA new Congressional Budget Office (CBO) report states that the size of the U.S. Navy’s submarine fleet is likely to exceed shipyards’ capacity to maintain the vessels in 25 to 30 years.
MoreThe Government Accountability Office (GAO) has found that the Department of Veterans Affairs (VA) must address its challenges in supply chain operations and establish a comprehensive strategy for logistics and acquisition management.
MoreThe FBI has released a report detailing alleged internet crimes from over 791,790 complaints that the agency's Internet Crime Complaint Center recorded in 2020. Victims primarily lost money to investment fraud, confidence
More