Grassley Pushes for Financial Management Oversight at Department of Defense

WASHINGTON – Currently, Sens. Chuck Grassley
(R-Iowa) and Bernie Sanders (D-Vt.) urged the Commission on Planning,
Programming, Budgeting and Execution Reform to help convey substantially-desired economic
accountability to the Section of Protection (DOD). The letter,
which comes immediately after Grassley passed a new coverage directing the commission to
assess and suggest enhancements to financial administration units, highlights
the need for this oversight and describes anticipations for the commission as
they begin conducting their evaluate.

 

“The Govt Accountability Office environment&#13
(GAO) has continuously put DOD Financial Management on its Superior-Chance Checklist&#13
for 26 decades. The most latest High Possibility List report of 2021 notes that whilst&#13
the Department’ s expending will make up far more than 50 p.c of the federal&#13
government’s discretionary expending and its actual physical assets symbolize far more than&#13
70 percent of the federal government’s actual physical assets, it stays the only&#13
big company that has under no circumstances been able to&#13
precisely account for and report on its paying out or actual physical property
,” the lawmakers wrote.

 

The senators elevate concerns that the&#13
DOD’s financial administration failings adversely impact the overall effectiveness and&#13
effectiveness of their operations. To correct these shortcomings, the senators urge&#13
the fee to acquire a team of exterior professionals and consultants – a&#13
“Financial Administration Tiger Team” – to support conduct a comprehensive, deep-dive&#13
overview of DOD’s insurance policies, procedures and planned investments.

 

Even more, the senators suggest that&#13
commission associates work carefully with the Authorities Accountability Office environment (GAO)&#13
and the DOD Business office of Inspector Common (DOD OIG), which have each executed&#13
their have opinions and identified a number of alarming deficiencies.

 

“It is crucial that the Department’s&#13
financial administration devices comply with applicable needs and assistance,&#13
deal with economical assertion findings by auditors, and supply the dependable,&#13
helpful, and timely information essential to guidance DOD’s financial administration&#13
operational desires. Except if the underlying money management programs are&#13
addressed, any initiatives to reform the Scheduling, Programming, Funds, and&#13
Execution procedures at the DOD would be a squander of time and money,” the lawmakers concluded.

 

Read through the full letter by clicking Below.

 

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Minnie Arwood

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