At least since the passage of the 1990 CFO Act, Congress has been hounding the Defense Department and every other federal agency to get their books into a condition that can be scrutinized by outside auditors.
But now that it’s finally come time for DoD —the lone holdout — to actually conduct the first full-scope audit in its history, at least one senator thinks it would be a terrible idea for the department to follow though with that plan, because the Pentagon simply isn’t ready.
Sen. Chuck Grassley (R-Iowa) has long been a critic of the department’s failure to achieve audit readiness, but also believes that trying to force one through now would be a monumental waste of time and money, since literally no one expects the department to earn a clean opinion on the audit that’s scheduled to get underway next fiscal year.
The costs, he told colleagues on the Senate floor on Sept. 12th, far outweigh the benefits.
Keep reading this article at: https://federalnewsradio.com/defense-main/2017/09/grassley-dod-audit-plan-doomed-to-failure/