DOD on track to start audits, but must grapple with resource constraints

The Pentagon is on track to start its full financial statement audits next fiscal year, but that milestone comes with challenges, such as resource constraints, that the Defense Department will have to grapple with, according to the most recent biannual financial improvement report released this week. The May 2017 Financial Improvement and Audit Readiness Plan Status Report states that although DOD components and the inspector generals office have programmed substantial resources to support audit readiness and conduct audits, the Pentagon…