Leadership From the Top, Well-Trained Workforce are Key to DoD Audits, Experts Say
November 18, 2011
Accounting experts from outside the Defense Department say getting the Pentagon ready to undergo an audit by a 2017 deadline is going to be a huge challenge. Challenging, but doable, as long as there's continued pressure from the highest levels of the department.
DoD is one of only two cabinet-level agencies that hasn't been able to get a clean audit opinion so far. Under current law, the Pentagon has to get its financial statements sufficiently squared away to withstand the scrutiny of outside auditors by fiscal year 2017.
And an even tighter deadline was put in place last month by Defense Secretary Leon Panetta, who came into office pronouncing his personal commitment to the issue. He's told the department to be ready for a partial audit by 2014.