Sec. 1003. Financial improvement and audit remediation plan
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Subsection (b)(1)(B) of section 240b of title 10, United States Code, is amended— in clause (vii)— by striking or if less than 50 percent of the audit remediation services ; and by striking and audit remediation activities ; and in clause (viii), by striking or if less than 25 percent of the audit remediation services . Subsection (b)(2) of such section is amended by striking or audit remediation . Subsection
(b)of such section is further amended— in paragraph (1)(B), by adding at the end the following new clauses: If less than 50 percent of the audit remediation services under contract, as described in the briefing required under paragraph (2)(B), are being performed by individual professionals meeting the qualifications described in suhsection (c), a detailed description of the risks associated with the risks of the acquisition strategy of the Department with respect to conducting audit remediation activities and an explanation of how the strategy complies with the policies expressed by Congress. If less than 25 percent of the audit remediation services under contract, as described in the briefing required under paragraph (2)(B), are being performed by individual professionals meeting the qualifications described in subsection (c), a written certification that the staffing ratio complies with commercial best practices and presents no increased risk of delay in the Department’s ability to achieve a clean audit opinion. ; and in paragraph (2)— by striking Not later and inserting
(A)Not later ; and by adding at the end the following new subparagraph: Not later than January 31 and June 30 each year, the Under Secretary of Defense (Comptroller) and the comptrollers of the military departments shall provide a briefing to the congressional defense committees on the status of the corrective action plan. Such briefing shall include both the absolute number and percentage of personnel performing the amount of audit remediation services being performed by professionals meeting the qualifications described in subsection (c). . Such section is further amended by adding at the end the following new subsection: The selection of audit remediation service providers shall be based, among other appropriate criteria, on qualifications, relevant experience, and capacity to develop and implement corrective action plans to address internal control and compliance deficiencies identified during a financial statement or program audit. .