GAO Report Shows DHS, DoD Still Haven't Undergone Financial Audits

Nov 15, 2013 -- 10:35am

A report by the Government Accountability Office shows that while the Department of Homeland Security has made critical improvements in its financial management practices, it needs to do more to improve the timeliness and reliability of the financial information its officials need to manage its operations and resources.

DHS and the Defense Department are the only two federal departments that haven’t conducted a clean financial audit, which means they aren’t in compliance with federal law. Senate Homeland Security and Governmental Affairs Committee Chairman Tom Carper says the GAO report shows that the DHS still has work to do on improving its accounting and management of the billions of dollars it spends annual.

The report also showed that improvements are still needed for the DHS’ financial IT systems and internal controls.

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