Longstanding financial management challenges prevent the Army from issuing auditable financial statements. Army and Defense Finance and Accounting Service (DFAS) Indianapolis personnel did not adequately support $2.8 trillion in third quarter adjustments and $6.5 trillion in yearend adjustments made to Army General Fund data during FY 2015 financial statement compilation. In addition, DFAS Indianapolis did not document or support why the Defense Departmental Reporting System Budgetary (DDRS-B) ... removed at least 16,513 of 1.3 million records during third quarter FY 2015. DFAS Indianapolis did not have detailed documentation ... or have accurate or complete system reports. As a result, the data used to prepare the FY 2015 AGF third quarter and yearend financial statements were unreliable and lacked an adequate audit trail. Until the Army and DFAS Indianapolis correct these control deficiencies, there is considerable risk that AGF financial statements will be materially misstated and the Army will not achieve audit readiness by the congressionally mandated deadline of September 30, 2017.
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