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Wednesday, September 21, 2011

DOD correcting mismanagement of financial records

The Defense Department is making progress in rectifying its mismanagement of financial records and improving its accountability, including by implementing new IT strategies, but problems remain in carrying out enterprisewide reform, officials have told a Senate panel.


“We continue to make important progress but also face significant challenges in transforming all elements of the DOD business environment in order to produce high quality, timely and reliable financial information,” DOD Comptroller Robert Hale said in a Sept. 15 statement submitted to a subcommittee of the Senate Homeland Security and Governmental Affairs Committee.

Another hearing examining DOD financial management is scheduled for Sept. 23 before the House Oversight and Government Reform Committee.

Hale and Elizabeth McGrath, DOD's deputy chief management officer, outlined their goals and some of their successes so far before the Federal Financial Management, Government Information, Federal Services and International Security Subcommittee.

They also testified about the importance of new IT systems to help bring financial management up to date.

-Amber Corrin, FCW.com
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