The process by which Pentagon accountants compile financial statements for defense organizations like the Defense Advanced Research Projects Agency is so unreliable and inaccurate it is not worth evaluating until further improved, according to a new Defense Department inspector general report. While DOD and Defense Finance and Accounting Service officials "have taken action to improve the financial reporting process supporting the Other Defense Organizations . . . major deficiencies continue to exist related to financial systems, management controls, budgetary reporting,...
