Abstract

Abstract : The importance of reliable financial information is reiterated by recent military actions in Afghanistan and Iraq. Decision-makers responsible for planning military actions need reliable financial information so that they can prudently manage available resources and allocate dollars to those processes that yield maximum support for the war fighters. I am pleased to report to you today that the Department of Defense has undertaken an ambitious task to overhaul its financial management systems and business processes. However, current financial statements remain generally unreliable.

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