Sec. 1003. Briefing on beginning balance issues for audit purposes
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Not later than March 1, 2026, the Under Secretary of Defense (Comptroller) shall submit to the congressional defense committees a one-time briefing on any anticipated issues in establishing beginning balances for audits of the financial statements of the Department of Defense. The briefing required under subsection
(a)shall include— a detailed identification of each budgetary account known to have and anticipated to have unsupported beginning balances; a description of the specific issues preventing the establishment of supported beginning balances for each identified account; an explanation of whether generally accepted accounting principles provide sufficient authority, processes, and procedures to resolve such issues, and if not, the alternative sources or methods proposed to establish beginning balances; and the projected impact to receiving an unmodified audit opinion of that account without a supported beginning balance.