Pentagon releases 2022 Defense Audit Results

The DoD released their annual department-wide Audit results for FY2022 last week and for the fifth consecutive year the Defense Department was unable to achieve a clean audit opinion.  Officially, the Inspector General issued a disclaimer of opinion on the Department’s FY 2022 consolidated financial statements. Which means the DoD did not pass the audit [...]

By |2022-11-22T17:16:01-04:00November 22nd, 2022|Blog|Comments Off on Pentagon releases 2022 Defense Audit Results

2021 Defense Audit Results

The Pentagon completed its fourth annual Department-wide, full financial Audit this month. And for the fourth year in a row, the Defense Department was unable to achieve a clean audit opinion.  Michael McCord, undersecretary of Defense (comptroller) and chief financial officer stated that “we do not yet have a clean opinion and we have a [...]

By |2022-02-22T18:08:11-04:00November 19th, 2021|Blog|Comments Off on 2021 Defense Audit Results

The Difference Between DoD IUID, UID and UII

When contracting with the Department of Defense, there are a few different acronyms that are hugely important to keep track of. IUID, UID, and UII may seem very similar–and are in fact often used interchangeably–but some important differences do exist between them. IUID stands for "Item Unique Identification" UID stands for "Unique Identification" UII stands [...]

By |2023-02-27T14:21:53-04:00May 10th, 2021|Blog|Comments Off on The Difference Between DoD IUID, UID and UII

Government Property in the Possession of Contractors including Government Furnished Property and Contractor Acquired Property

The Inspector General’s Office released a report last month entitled: Understanding the results of the Audit of the DoD FY 2020 Financial Statements. The Office of the Inspector General has been performing the DoD department-wide, full financial statement Audit for the past 3 years. In the 2018, 2019, and now again in the 2020 Audit [...]

By |2021-03-19T13:16:27-04:00March 19th, 2021|Blog|Comments Off on Government Property in the Possession of Contractors including Government Furnished Property and Contractor Acquired Property

Defense Audit forges ahead during COVID-19

This article was written by Thomas Brading and published on the US Army website. To read the full contents of the article click here. WASHINGTON -- Despite challenges brought on by the COVID-19 pandemic, the Army’s third annual audit is underway and on track to wrap up this fall, says a top Army comptroller, as [...]

By |2020-05-04T12:09:12-04:00May 1st, 2020|Uncategorized|Comments Off on Defense Audit forges ahead during COVID-19

The 2019 Defense Audit Results

The Defense Department continues it’s annual full financial Audit into fiscal year 2020. Last month, the DoD announced the 2019 Defense Audit results. For the second year in a row, the DoD officially failed the 2019 Audit; but, the Pentagon quickly reassured everyone that a clean opinion was not expected due to the size and scope [...]

By |2019-12-17T16:26:57-04:00December 17th, 2019|Blog|Comments Off on The 2019 Defense Audit Results

The 2019 Defense Audit

The US Congress is holding the Defense Department accountable to perform a full financial department-wide Defense Audit each and every year. This Financial Improvement and Audit Readiness (or FIAR) Initiative has been in the works for more than ten years in a quest to improve accountability. After years of working towards this audit readiness objective [...]

By |2019-03-25T18:59:26-04:00March 25th, 2019|Blog|Comments Off on The 2019 Defense Audit

Defense Contractors Guide to iRAPT and Military Compliance

As a supplier or defense contractor, your ability to utilize the iRAPT system is paramount to your success. Fortunately, we have written a comprehensive guide -- iRAPT and the DoD - what suppliers and contractors need to know about iRAPT. The purpose of this guide is to help you understand what your role is as [...]

By |2021-04-29T14:59:53-04:00March 16th, 2018|Blog|Comments Off on Defense Contractors Guide to iRAPT and Military Compliance

DoD’s Plan to be FIAR Audit Ready

The Financial Improvement and Audit Readiness (FIAR) initiative will reach a major milestone on September 30, 2017. The entire Defense community needs to understand that as we begin Fiscal Year 2018 on October 1st -- the FIAR Directive dictates that all accountable assets be audit ready. The US Congress is holding the DoD accountable to [...]

By |2017-11-21T22:12:24-04:00April 13th, 2017|Blog|Comments Off on DoD’s Plan to be FIAR Audit Ready

Don’t Risk your Military Contract with an Inferior IUID System

Some organizations, when newly awarded a government contract, will attempt to create a customized approach to tracking and managing military compliance using a spreadsheet or rudimentary software— like Microsoft Access. They typically end up meeting only a small fraction of the total military IUID and RFID compliance requirements to asset and shipment [...]

By |2021-04-22T16:43:13-04:00November 29th, 2016|Blog|Comments Off on Don’t Risk your Military Contract with an Inferior IUID System
Go to Top