Agencies are accountable for how they’re run – including improper payments. We learn about how Defense is tackling the issue from Mark Easton, the Deputy Chief Financial Officer at DoD
The Defense Department’s deputy chief financial officer said Friday that the department believes it will achieve the 2017 deadline to produce auditable financial statements. DoD is approaching the problem in way that makes clear that clean books are not only the responsibility of its accountants, he said.
Federal financial managers are coming to terms with financial compliance; limited money for new systems or upgrades; and the continuing need for achieving clean audits, financial transparency, and compliance. How are those financial managers facing these challenges is the subject of the Federal News Radio Discussion: Accounting in Austerity.
All agency bureaus will implement the Internet Payment Platform by 2012. Additionally, all Treasury vendors must submit invoices through the portal starting in 2013. The electronic invoice payment program is one of 12 initiatives to improve federal financial management.
Mark Easton, DoD’s deputy chief financial officer, says the challenges toward a clean audit are significant but the Pentagon is still optimistic.
On the In Depth show blog, you can listen to our interviews, find more information about the guests on the show each day, as well as links to other stories and resources we discuss.
Host Francis Rose talked to Mark Easton, deputy chief financial officer at the Defense Department, about DoD’s efforts to reach auditability.
The Defense Department is analyzing back-office and commercial-like services in an effort to reduce spending.
The Defense Department is working hard this year on an audit it will almost certainly fail, but DoD leaders say the review offers valuable insight into how the Pentagon spends and operates.