DoD Comptroller: “We are making progress.”

What exactly is audit readiness, and is the Department of Defense (DoD) ready for a full-scale audit? Congress requires Federal agencies to produce auditable financial statements annually, after the agencies confirm that the statements are ready for an audit. Prior to a full audit, a pre-audit is performed to determine whether or not the offices or agencies are prepared for the full audit. In order to aid the government, regarding audit readiness, the financial improvement and audit readiness (FIAR) was created as a guide to prepare for a full audit.

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