The Retired Army Finance Organization "Keeping the Finance Family Together"
Posted as: Bulletin
Here is a link to a DOD Inspector General Report, raising concerns over the ability of DOD to obtain unqualified opinions on financial statements. The DOD must be audit ready by September 30, 2017 as required by Section 1003 of the National Defense Authorization Act for Fiscal Year 2010. Here is a link to an abbreviated discussion of the problem (the comments are particularly entertaining).
The report tales a surprisingly dim view of the ability of planned ERP systems (e.g., General Fund Enterprise Business System and the Integrated Personnel and Pay System, Army) to provide the end-to-end auditability required by Section 1003.
For those who have been involved in large-scale systems redesigns with accompanying grand expectations, this report elicits a feeling of "been there, done that" fatalism.