ARMY COMMENCES AUDIT
accounting and feeder systems where most transactions originate.
Addressing these improvement areas will allow the Army security assistance enterprise to be auditable with the goal of obtaining an audit opinion on security assistance account financial state- ments by the year 2030. Te independent public accountant will provide an audit opinion on whether the Army’s financial state- ments are fairly presented in accordance with the U.S. generally accepted accounting principles. Between now and 2030, the Army will continue to implement internal controls.
CONCLUSION Acknowledging the challenges that an audit brings, Rhodes emphasized that “the Army security assistance enterprise is prepared to answer the challenge of this full financial statement audit. At DASA(DE&C), we are extremely grateful for all the extra effort that the Army organizations and our partners are doing for the audit.”
SITE SEEING
Command Sgt. Maj. Sean Rice, senior enlisted advisor at U.S. Army Security Assistance Command, left, talks with Soldiers assigned to the aviation maintenance unit of the Colombian army base in Tolemaida, Colombia on April 6, 2021. Rice joined Brig. Gen. Douglas Lowrey and his staff as they visited several sites to see the impact of U.S. security assistance and foreign military sales.
For more information, go to
https://www.dasadec.army.mil/.
STRIVING FOR AUDIT IMPROVEMENT During the same period, the Army’s preparation team identified some areas for improvement essential for auditability:
• Establish an auditable universe of transactions—consist- ing of multiple organizations and business processes which allow the Army to verify beginning balances and open obligations—by confirming the completeness and availability of Army data before starting the full financial statement audit, thereby enhancing knowledge of internal controls and risk mitigation for those business processes.
• Improve accounting policies including those for property, equipment and inventory by implementing key internal controls.
• Enhance information technology and system controls.
• Institute proper accounting system posting logic for initi- ating and recording transactions across the numerous
CURT BARTLETT works in the Policy, Resources and Audit Directorate as senior audit advisor and principal audit readiness officer for DASA(DE&C) and the Army security assistance enterprise. He serves as an active member on the Defense Security Cooperation Agency Senior Executive Steering Committee and Audit Remediation board. Bartlett has a Juris Doctor from the University of Houston Law Center and a Master of Public Policy from the University of Chicago. He is a certified public accountant and a Certified Defense Financial Manager.
Ultimately, the business process standardization work minimizes risk by allowing the enterprise to identify and address findings early in the process, rather than waiting until the end of the audit.
60 Army AL&T Magazine Summer 2022
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