Major Deficiencies Preventing Auditors From Rendering Audit Opinions on DOD General Fund Financial Statements.

This report summarizes the major deficiencies impeding the ability of DoD to produce auditable general fund financial statements. This report gives Congress, the Secretary of Defense, the DoD Chief Financial Officer, financial managers, and the audit community an assessment of progress made in audited financial statements of DoD general funds. We plan to issue a similar report each year. The audit objective was to identify and summarize the major deficiencies that prevented auditors from rendering audit opinions, other than disclaimers, on Army and Air Force general fund financial statements, and to identify the actions taken or under way to correct these deficiencies.