Department of Defense: Additional Actions Needed to Improve Financial Management of Military Equipment
GOVERNMENT ACCOUNTABILITY OFFICE WASHINGTON DC
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Major defense acquisition programs MDAP are used to acquire, modernize, or extend the service life of the Department of Defenses DOD most expensive assets, primarily military equipment. The Weapon Systems Acquisition Reform Act of 2009 P.L. 111-23, section 304b, directed us to perform a review of weaknesses in DODs operations that affect the reliability of financial information for assets acquired through MDAP. To do so, GAO identified and reviewed previously reported weaknesses that impair DODs ability to provide reliable cost information for military equipment acquired through MDAPs, and determined what actions DOD has taken to address them. GAO searched databases of audit reports issued during calendar years 2005 through 2009 to identify previously reported weaknesses. Using applicable criteria, GAO assessed whether the actions taken by DOD adequately addressed these weaknesses.
- Economics and Cost Analysis
- Logistics, Military Facilities and Supplies