Sec. 1003. Audit of Department of Defense fiscal year 2018 financial statements
233 words·~1 min read·
/bill/113/hr/1960/eh/section-1003A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Congress— reaffirms the findings of the Panel on Defense Financial Management and Auditability Reform of the Committee on Armed Services of the House of Representatives; points to the Government Accountability Office’s most recent High Risk List recommendations; is encouraged by the important progress the Department of Defense has made in achieving auditability; and stands ready to continue helping in this effort. It is the sense of Congress that, in the aftermath of the effects of sequestration as enacted by the Budget Control Act of 2011 ( Public Law 112–25 ), financial management reform is imperative, and the Department of Defense should place continued importance on, and remain vigilant in, its financial management reform efforts.
In addition to the requirement under section 1003(a)(2)(A)(ii) of the National Defense Authorization Act for Fiscal Year 2010 ( Public Law 111–84 ; 10 U.S.C. 2222 note) that the Financial Improvement and Audit Readiness Plan describe specific actions to be taken and the costs associated with ensuring that the financial statements of the Department of Defense are validated as ready for audit by not later than September 30, 2017, upon the conclusion of fiscal year 2018, the Secretary of Defense shall ensure that a full audit is performed on the financial statements of the Department of Defense for such fiscal year.
The Secretary shall submit to Congress the results of that audit by not later than March 31, 2019.
Connectionstraces to 1
Traces to 1 document
2 references not yet in our index
- Pub. L. 112-25
- Pub. L. 111-84
Citation graph
cites case law
Sec. 1003
Audit of Department of Defense fiscal year 2018 financial statements
Pub. L.Pub. L. 112-25
Pub. L.Pub. L. 111-84
Cites 3Cited by 0 across 0 sources