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Transcripts For CSPAN3 Defense Department Financial Management 20180110

The committee will come to order. The Committee Welcomes mr. David norquist comptroller as our witness today. The topic is the audit of the department of defense, which by law begins this fiscal year. And i would just say its not by accident that the committee will start our year on this topic. Requiring that the Department Conduct an audit has been a bipartisan priority of this committee for some time. The chief Financial Office of 1990 required all federal departments conducted annual financial audit and partly out of frustration with a lack of progress toward that end that the department of defense. The 2010 required the Financial Statements of the department be ready for audit by september 30, 2017. This committees panel on defense Financial Management and reform put close scrutiny on the departments efforts and issued a number of recommendations that have been enabled us to arrive at this point. The 2014 required a full audit be conducted of the departments fy 18 Financial Stateme

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