Only current-year balances to be examined

DOD Asserts Audit Readiness For Majority Of FY-15 General Fund

/ October 1, 2014 at 10:31 PM
The Defense Department partially met a key milestone this week on its road to audit readiness, according to a Pentagon announcement. All of the services and many of the defense agencies have asserted that they are ready to start a schedule of budgetary activity, or SBA, audit for fiscal year 2015, which applies to current-year balances. The department initially aimed to have the statement of budgetary resources -- which also includes prior-year balances -- audit ready by Sept. 30, but...

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