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You are here: Home / Government Contracting News / GAO: DoD didn’t take steps to ensure contactor pay was correct

June 30, 2014 By AMK

GAO: DoD didn’t take steps to ensure contactor pay was correct

The Defense Department didn’t fully implement the steps required to make sure contractor pay was correct, a June 23 Government Accountability Office (GAO) report says.

The Defense Finance and Accounting Service is responsible for processing and disbursing nearly $200 billion annually in contract payments for the DoD, the report says.

“Although DFAS has asserted audit readiness, until it corrects the deficiencies and fully implements its Financial Improvement Plan, its ability to process, record, and maintain accurate and reliable contract pay transaction data is questionable,” GAO says.

In one instance, DFAS didn’t assess the dollar activity and risk factors of its processes. Because of that DFAS couldn’t reconcile its contractor pay data with the ledgers of its DoD components, the report says.

Keep reading this article at: http://www.fiercegovernment.com/story/gao-dod-didnt-take-steps-ensure-contactor-pay-was-correct/2014-06-24

Filed Under: Government Contracting News Tagged With: contract payments, DFAS, DoD, GAO, improper payment

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