Significant Progress in FY 21
The DON’s audit maturity is progressing, covering more areas with greater depth. This is enabling the DON to prepare, present, and provide greater access to auditors than ever before. As auditors gain greater insight into DON internal controls, processes, data, and interdependencies, their recommendations will be more granular and extensive. The DON welcomes the feedback and is collaborating with auditors to use it as a more direct tool for improving business operations.
With each audit, the DON has improved business processes and better data for decision-making. The Navy and Marine Corps are realizing greater visibility of assets, improved buying power, and cost savings. Examples include:
DON FY 2022 Audit Priorities
Despite progress, there is more work to achieve an audit opinion. One of the DON’s biggest priorities for the next two years is assisting the Marine Corps in achieving a positive audit opinion by FY 2023. Leaders in every functional unit and discipline across the DON are poised and ready to support the Marine Corps’ goal of achieving the first audit opinion. The Navy is also focused on financially reporting its environmental liabilities accurately, reconciling balances with its “checkbook” (fund balance) with the Treasury, and valuing its property. The DON will also work with DoD service providers and commercial partners to maintain accountability for government property and resolve its audit findings.
The DON will build on the findings of the annual audit process and other assessments to foster a culture that encourages innovation, solves problems, and achieves positive results to increase our lethality, improve readiness, and get the most out of every dollar entrusted to us.
The audit plays a pivotal role in Navy and Marine Corps efforts to modernize their business systems and processes, to enhance auditability, performance, and affordability.
Subject specific information for the media
Events or announcements of note for the media
Official Navy statements
Given by Navy leadership
HASC, SASC and Congressional testimony
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