this is our national you are very welcome thanks for choosing us today well let s start off with the natives developments in the south caucasus the opposition in armenia is remaining. in the center of the capital opponents of the prime minister are currently counted out for a 2nd night in front of the parliament building in yerevan now they ve run out to stay there until the cold resigns auntie s constantine rushkoff is that for us. the biggest news of the last couple of hours in armenia is the outcome of the meeting between the opposition leaders and the country s president now why this meeting is so important well for one there is a pretty intense standoff between the armenian political leader prime minister nicola pasha now and he s top military command army generals called on pashtun to resign accusing him of being incompetent the prime minister fired back and he was a military in an attempted coup that s a story that s been playing out since yesterday now partially now w
the committee will come to order. the committee welcomes mr. david norquist, the undersecretary of defense, comptroller, and chief financial officer 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 it s 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 officer act of 1990 required all federal departments conduct an annual financial audit and partly out of frustration with a lack of progress toward that end at the department of defense, the 2010 required the financial statements of the department be ready for audit by september 30, 2017. this committee s panel on defense financial management and reform put close scrutiny on the department s efforts and issued a number of recommendations that have enabled us to arrive at this point. the 2014 ndea
defense department testified on the management of the department s annual budget of $600 billion. and why he thinks it s important to conduct and audit. this is an hour and 45 minutes. o order. we welcome the committee will come to order. the committee welcomes mr. david norquist, undersecretary of defense and comptroller as our witness today. the topic is the audit of the department of defense which by law begins this fiscal year. i would say it s not by accident the committee would start our year on this topic. requiring the department conduct an audit has been a bipartisan requirement of this committee for some time. from 1990 it required all federal departments conduct a financial audit and partly with frustration of the lack of that in 2010 they required the audits be ready by 2017. they put close scrutiny on the department s efforts and issued a number of recommendations to allow us to arrive at this point. the 2014 required an audit be required of the department s fy
department s annual budget of $600 billion. and why he thinks it s important to conduct and audit. this is an hour and 45 minutes. o order. we welcome the committee will come to order. the committee welcomes mr. david norquist, undersecretary of defense and comptroller as our witness today. the topic is the audit of the department of defense which by law begins this fiscal year. i would say it s not by accident the committee would start our year on this topic. requiring the department conduct an audit has been a bipartisan requirement of this committee for some time. from 1990 it required all federal departments conduct a financial audit and partly with frustration of the lack of that in 2010 they required the audits be ready by 2017. they put close scrutiny on the department s efforts and issued a number of recommendations to allow us to arrive at this point. the 2014 required an audit be required of the department s fy 18 financial statements the results of list are to be
hold two hearings that focus on the two major pillars of our agenda. tomorrow we ll hear from the service chiefs on repairing and rebuilding our military. today, however, we ll concentrate on the other pillar, which is defense reform. we ve done a lot of reform over the past two years. that includes acquisition reform, a new military retirement system, major changes in military health care, commissary reform, a re-write of the uniform code of military justice as well as significant organizational reform. while a lot has been done, however, a lot more needs to be done. the world around us is simply moving too fast for us to sit still and assume that the organizations and processes of the past will suffice for today and especially for tomorrow. yes, we all have an obligation to see taxpayer dollars are spent as efficiently and effectively as possible, especially in fulfilling the first job of the federal government which is to defend the country. but we all know from the news a