Why does it matter? Where are we? What have we learned?
By John Knubel
The progress of the Department of Defense (DoD) toward financial audit readiness has been steady—but slow. Some reporting entities (for example, the Military Retirement Trust Fund and a few agencies) sustain unqualified audit opinions. The largest reporting entity receiving a clean opinion—the US Army Corps of Engineers Civil Works—just sustained a second consecutive unqualified audit opinion on its fiscal year (FY) 2009 financial statements.