Sec. 1002. Consolidation of reporting requirements relating to Department of Defense financial improvement and audit remediation plan
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Section 240b of title 10, United States Code, is amended— in subsection (a)(2)(A)— in clause (iv), by striking and at the end; in clause (v), by striking and at the end; and by adding at the end the following new clauses: meeting resource requirements, including personnel and information technology infrastructure; and identifying long-range goals and measurable objectives, including audit cycle timelines, control testing frequency, and auditor-validated corrective action plans; and ; and in subsection (b)— in paragraph (1)(B), by adding at the end the following new clauses:
A detailed estimate of the funding required for the next fiscal year to procure, obtain, or otherwise implement each process, system, and technology identified to address the corrective action plan or plans of each department, agency, component, or element of the Department of Defense, and the corrective action plan of the Department as a whole, for purposes of this chapter during such fiscal year. The number and scope of automated processes implemented, including reconciliation, inventory validation, and internal controls. ; in paragraph (2), by striking subparagraph
(B)and inserting the following new subparagraph (B): The January 31 briefing under subparagraph
(A)shall include a ranking of all of the military departments and Defense Agencies in order of how advanced each is in achieving auditable financial statements, as required by law. ; by redesignating paragraph
(3)as paragraph (4); by inserting after paragraph
(2)the following new paragraph (3): Not later than June 30 of each year, the head of each military department and Defense Agency that was ranked in the bottom quartile of the report submitted under paragraph (2)(B) for that year shall submit to the congressional defense committees a report that includes the following information for that military department or Defense Agency: A description of the material weaknesses of the military department or Defense Agency. The underlying causes of such weaknesses. A plan for remediating such weaknesses. The total number of open audit notices of findings and recommendations (in this paragraph referred to as NFRs ) for the most recently concluded fiscal year and the preceding two fiscal years, where applicable. The number of repeat or reissued NFRs from the most recently concluded fiscal year. The number of NFRs that were previously forecasted to be closed during the most recently concluded fiscal year that remain open. The number of closed NFRs during the current fiscal year and prior fiscal years. The number of material weaknesses that were validated by external auditors as fully resolved or downgraded during the current fiscal year relative to prior fiscal years. A breakdown, by fiscal year, of which open NFRs are forecasted to be closed. Explanations for any unfavorable trends in the information included under paragraphs
(1)through (9). ; and in paragraph (4), as redesignated by subparagraph
(C)of this paragraph, by striking the critical capabilities described in the Department of Defense report titled and inserting Financial Improvement and Audit Readiness
(FIAR)Plan Status Report and dated May 2016 the financial statement audit priorities designated by the Secretary of Defense for the fiscal year in which the report is submitted . . Section 1009 of the National Defense Authorization Act for Fiscal Year 2020 ( Public Law 116–92 ; 10 U.S.C. 240b note) is amended by striking subsection (c). Title 10, United States Code, is amended by striking section 240h.
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Sec. 1002
Consolidation of reporting requirements relating to Department of Defense financial improvement and audit remediation plan
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