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Saturday, March 11, 2006

Bleak fiscal future demands efficient agencies: Walker

"U.S. comptroller general David Walker advised some tough love for the Defense Department, calling for it to get to a modern integrated environment. Walker singled out DOD as one of the biggest challenges in financial management facing the federal government.

'DOD has bad systems [and] bad processes, but good people,' Walker said today at the Federal Financial Management Conference sponsored by the Joint Financial Management Improvement Program and the U.S. Chief Financial Officers Council in Washington.

DOD is one of four agencies whose financial statement failed federal standards for fiscal 2005. The Government Accountability Office also could not give an opinion on the financial reports from the Homeland Security and Energy departments and NASA because the data was unreliable. "

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