DoD’s FY 2020 Financial Audit Reports 530 Resolved Issues; David Norquist Quoted

The Department of Defense’s (DoD) fiscal year 2020 audit of financial statements has found that its organizations resolved 530 findings from the FY 2019 audit and addressed challenges despite COVID-19 disruptions.

The DoD said Monday that seven DoD entities produced “clean” or unmodified opinions. The Defense Information Systems Agency (DISA), which the Pentagon expects will produce a clean opinion for its Working Capital Fund this year, is one of the said organizations.

Four audits are in progress and are slated to conclude between Dec. 15, 2020, and March 25, 2021.

David Norquist, deputy defense secretary and 2020 Wash100 Award winner, said the financial audit has “proven its tremendous value” for the third consecutive year.

Defense agencies were able to resolve issues from the FY 2019 audit, including payments to military and civilian personnel, fraud and military equipment completeness, according to the DoD notice.

Share the Post:

Related Posts

Top 5 Most Popular Wash100 Winners of All Time

The 100 leaders named to the Wash100 every year by premier government contracting events and media company Executive Mosaic are all renowned members of the federal services ecosystem. But only...

Popular Vote Winner Judi Dotson On What Wash100 Means to Her

In 2024, Judi Dotson, president of the global defense sector at Booz Allen Hamilton, has earned a reputation for making Wash100 history. In March, she became the first Wash100 recipient...

Booz Allen Hamilton’s Wash100 Award Winners

Since its establishment in 2014, the Wash100 Award has been a prestigious recognition in the government contracting sector, honoring executives who excel in leadership, innovation and vision. Booz Allen Hamilton,...