Through the execution of its audit readiness strategy, the Navy is improving business processes that

Using a crawl, walk, run approach to building necessary cheap motels skill sets, making needed process changes, modifying our business systems, and developing tools necessary to achieve a business environment cheap motels capable of supporting annual financial audits, the Department of the Navy (DoN) is out in front of the Department of Defense’s (DoD) Financial Improvement/Audit Readiness (FIAR) efforts.
*  Receiving unqualified audit opinions in appropriations received for ships, submarines, Intercontinental Ballistic Missiles (ICBMs), satellites, aircraft and the E-2D Advanced Hawkeye Major Defense Acquisition Program (MDAP).
DoN’s audit readiness strategy focuses on evaluating business processes to ensure the design and operating effectiveness of their internal controls comply cheap motels with federal financial standards; correcting identified internal control deficiencies; ensuring that internal controls remain effective through continual monitoring, testing, and auditing; and retaining key supporting documentation cheap motels demonstrating proper execution of business processes for inspection at all levels.  All this throughout nine business processes, or “segments”:
Once asserted as audit ready, an Independent Public Accounting (IPA) firm will conduct an examination of the segments to validate management’s assertion.  As we continue on our journey towards auditability, three main themes emerged from our discovery phase.
The Navy’s cheap motels Supply cheap motels community, both officer and enlisted, are uniquely positioned as key members of the Navy’s audit preparation team.  Audit readiness is in our “DNA.”  The receipts our Logistics cheap motels Specialists, Ship’s Servicemen, and Culinary Specialists “circle, sign, and date,” are critical documents IPA teams examine.  Findings from the shipboard flight deck pay audits performed by our afloat supply teams directly impact cheap motels Sailors’ pay, transactions that might be identified for review by an IPA.
The access procedures our disbursing shops and post office operations use demonstrate solid financial controls to an IPA team.  Notably, the Naval Supply Systems cheap motels Command has taken the leadership role in three of Navy’s critical financial business segments: MILSTRIP, ToP, and ToT.
As Navy Logisticians, we view our supply chains in a holistic fashion. cheap motels The DoN must now bring that viewpoint to our financial processes and systems.  As noted by Mr. Dennis Taitano, Deputy Assistant Secretary of the Navy (DASN) Financial Operations, “Auditability is all about traceability of data.”
Through the execution of its audit readiness strategy, the Navy is improving business processes that will enhance the accuracy of financial transactions and produce reliable financial statements that will withstand the scrutiny of an audit.  The Navy remains committed to meet the Secretary of Defense’s cheap motels Fiscal Year 2014 Audit Readiness Goals.  DoD’s FIAR methodology points the way, our Navy supply team will be key enablers to Navy’s audit readiness success.