Significant Efforts Still Needed for Remediating Audit Readiness Deficiencies

Friday, February 17th, 2017

The Schedules of Budgetary Activity (Budgetary Schedules) for the Army, Navy, and Air Force for fiscal year 2015 reflected current year budget activity as an interim step toward producing an auditable Statement of Budgetary Resources that will reflect multiyear budget activity. All three of the independent public accountants (IPA) contracted to audit these fiscal year 2015 Budgetary Schedules issued disclaimers, meaning that the IPAs were unable to express an opinion because of a lack of sufficient evidence to support the amounts presented.
Read the full report.

Leave a Reply

By using this service you agree not to post material that is obscene, harassing, defamatory, or otherwise objectionable. ASMC reserves the right to delete, edit, or move any material that it deems to be in violation of this rule.

*
951 views
Nonprofit Website Design Custom Web Design