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DoD Financial Management: The Army Faces Significant Challenges in Achieving Audit Readiness for Its Military Pay
DoD Financial Management: The Army Faces Significant Challenges in Achieving Audit Readiness for Its Military Pay
 
Our Price: $20.00
By Asif A. Khan (au)
Year: 2012
Pages: 44
Binding Paperback
ISBN 978-1-4578-3004-4

Product Code: 1457830043

Description
 
The Defense Finance and Accounting Service-Indianapolis (DFAS-IN) reported that FY 2010 active Army military payroll totaled $46.1 billion. However, for several years, there were reports of continuing deficiencies about the validity and accuracy of reported Army military pay and whether it is auditable. The DoD has recently accelerated its Statement of Budgetary Resources audit readiness goal by three months to 2014 and is required to achieve audit readiness for a full set of DoD financial statements by 2017. This audit assessed the Armyńˇ╗s ability to: (1) identify a valid population of payroll transactions; and (2) test a sample of payroll transactions for validity and accuracy. Charts and tables. This is a print on demand report.

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