Army Audit Readiness - ASMC

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army Audit Readiness 7 April 2011John J. ArgodaleDeputy Assistant Secretary of the army (Financial Operations)2Army AuditReadinessDirectorateOverall Audit Message DoD is committed to meeting Congressional deadline of 2017 for fully auditable statements We have a streamlined and cost-effective approach that focuses on improving information we most use to manage the Department s resources We are seeking cost-effective ways to achieve full auditability We have a long way to go and will need significant Service support23Army AuditReadinessDirectorateWhy Is This Important? Comply with Laws:Laws require financial statement audits Verify Correct Allocation of Funds: Verify that all resources are allocated to approved mission priorities in a legal manner Make Better Use of Resources:Identify dollars before they expire Increase Public Trust: Reassure the public and Congress that DoD is a good steward34Army AuditReadinessDirectorateArmy Audit Readiness Timeline5Army AuditReadinessDirectorateExamination Scope & Expectations Exam 1 2011: Scope: Validate the army s Audit Readiness approach ensure we are doing what an Audit requires Continue to

2 Army Audit Readiness Directorate Overall Audit Message DoD is committed to meeting Congressional deadline of 2017 for fully auditable statements

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