For over 30 years, the Department of Defense (DOD) has spent billions of dollars each year to acquire and modernize financial management, logistics, and other business systems.

“DOD is the largest federal agency, and the only one that has never achieved a “clean” audit opinion—which is when financial statements are presented fairly and are consistent with accounting principles. The challenge that DOD faces in modernizing its business and financial IT systems is a big hurdle to making its financial statements auditable.”

DOD’s financial management and business systems modernization have been on our (GAO) High Risk List since 1995.

This is just another example of poor leadership and failure to implement robust processes.

The lack of effective planning and oversight of itsbusiness and financial management systems are
critical challenges…  (GAO-23-106817 2023)

View Report https://4bt.us/wp-content/uploads/2023/09/DOD-Financial-Management-Improving-Systems-Planning-gao-23-106817.pdf