Army can’t track spending on $4 billion system to track spending
Our government in action: An inspector general has found that the Army was unable to track the spending on a project designed to help the Army track spending.
As of this February, the Army had spent $725.7 million on the system, which is ultimately expected to cost about $4.3 billion. The problem, according to the IG, is that the Army has failed to comply with a variety of federal laws that require agencies to standardize reporting and prepare auditable financial statements. “This occurred because DOD and Army management did not have adequate controls, including procedures and annual reviews, in place to ensure GCSS-Army compliance with Treasury and DOD guidance,” the IG report concludes.
And some people wonder why I am always skeptical of giving the federal government any job you need done.
Our government in action: An inspector general has found that the Army was unable to track the spending on a project designed to help the Army track spending.
As of this February, the Army had spent $725.7 million on the system, which is ultimately expected to cost about $4.3 billion. The problem, according to the IG, is that the Army has failed to comply with a variety of federal laws that require agencies to standardize reporting and prepare auditable financial statements. “This occurred because DOD and Army management did not have adequate controls, including procedures and annual reviews, in place to ensure GCSS-Army compliance with Treasury and DOD guidance,” the IG report concludes.
And some people wonder why I am always skeptical of giving the federal government any job you need done.