Speer spoke at the
"We've got to be able to be audited on the appropriations we receive and where we're obligating those funds by 2015," he said, during one of the panel discussions. And, "we'll have to do a full-financial statement audit, much like private industry does, by 2018."
The deadlines for meeting those reporting requirements are "closing on us fast," Speer said.
The primary reason for having an audit, he said, is "not just because it's the law, but because we owe it to our stakeholders," the American people.
And, he added, there are a lot of benefits for the
Also, the legwork involved in preparing for an audit will reveal whether or not resources are being procured and used in a mission-essential, cost-effective manner, he added.
By resources, Speer said that means everything the
Speer said that on a recent trip to
Although the entire
Speer said an internal audit fixed problems that had been developing for a number of years at the cemetery, namely, troubled management procedures.
After putting new controls and procedures into place, along with being audited, ANC is now a more efficient, effective and transparent organization that the
Speer said he suspects there could be similar problems elsewhere in the
PREPPING FOR AUDIT
The GAO is the congressional agency that oversees an audit.
Business and systems architecture have to integrate together, he said, and one has to see how and where the funding flow travels.
Better training includes understanding and properly using the General Fund Enterprise Business System, or GFEBS, he said.
GFEBS is a web-enabled financial, asset and accounting management system that standardizes, streamlines and shares critical data across all of the
GFEBS efforts are now directed at analyzing business processes, systems and training, reviewing cost estimates to right-size sustainment, he added.
Besides GFEBS, another enterprise resource planning tool being fielded across the
The tools are in place to prepare for a successful audit and leadership is directing commanders to implement procedures. Speer said he's confident the
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