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Pentagon Needs More Accurate Cash Management, Watchdog Warns
Government Executive: In the latest bump on its rocky road to auditability, the Defense Department on Tuesday received a warning from its inspector general that its multi-agency cash management practices done in concert with the Treasury Department are inaccurate.
In a sample review of the Defense Finance and Accounting Service’s September 2016 cash management report, auditors found the statement “not complete, accurate, or supported by the details necessary for” agencies known as Other Defense Organizations to perform reconciliations for the Fund Balance With Treasury.
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