DOD intends to begin full audits in FY-18, but disclaimers are expected

By Jordana Mishory / November 23, 2016 at 10:27 AM
The Pentagon intends to begin full financial statement audits in fiscal year 2018 but defense officials do not expect to see positive opinions emerge for several years, according to a recent report signed by Pentagon Comptroller Mike McCord and Assistant Deputy Chief Management Officer David Tillotson. "Because some remediation actions and major system and process changes will not be fully completed, the audits are expected to result in significant audit findings and disclaimers of opinion," according to the department's newest...

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