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Defense Finance and Accounting Service

DoD/Financial Reports/News
7 DOD Components Get Unmodified Opinions in Departmentwide Financial Audit; Mike McCord Quoted

The Department of Defense completed its fifth annual financial audit and reported that seven component agencies sustained unmodified opinions and one secured a qualified audit opinion. DOD News reported those seven components

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by Jane Edwards
November 17, 2022
DoD
GAO: DSCA Needs to Strengthen Oversight of FMS Program Expenditures

The Government Accountability Office has recommended that the Defense Security Cooperation Agency modify its strategy for overseeing operational expenses of the Defense Department‘s foreign military sales program. GAO said Monday it found that

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by Monica Jackson
July 31, 2018
DoD/News
GAO: DoD Should Update Financial Mgmt Guidance to Meet Cash Balance Requirements

The Government Accountability Office has urged the Defense Department to update its Financial Management Regulation to help maintain cash balances within upper and lower cash requirements. GAO said Friday DoD’s Defense-wide Working Capital Fund reported

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by Ramona Adams
July 3, 2017
DoD/News
DoD IG: Navy Lacks IT Strategy to Oversee Financial Mgmt Systems

The Defense Department‘s inspector general has reported that the U.S. Navy does not have an information technology strategy to oversee its financial management systems. DoD IG said Thursday auditors found that Navy personnel use financial management

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by Ramona Adams
March 20, 2017
Civilian/News
Beth McGrath to Retire as Pentagon Deputy Chief Management Officer

Beth McGrath, deputy chief management officer at the Defense Department for three years, will retire from the Pentagon at the end of this month after a 25-year career there, FCW reports. Amber

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by Ross
November 5, 2013
News
Report: Most Furloughed Feds to Get Back Pay Next Week

Retroactive pay for most federal employees who were furloughed during the 16-day government shutdown will reflect on their Oct. 25 paycheck, GovExec reported Thursday. Kellie Lunney writes the some workers might have

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by Mary-Louise Hoffman
October 18, 2013
DoD/News
Pentagon Accounting Office: Troops Will Get Oct 15 Paycheck

The Defense Finance and Accounting Service says all military service members will receive their salaries and allowances for the current pay period by Oct. 15, Military Times reported Tuesday. Andrew Tilghman writes

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by Mary-Louise Hoffman
October 9, 2013
Civilian/News
DFAS to Maintain Payroll Cycle Amid Furloughs; Thomas LaRock Comments

The Defense Finance and Accounting Service assured that it will continue to process the paychecks of retired, civilian and active-duty military personnel on time despite ongoing mandatory furloughs, GovExec reported Thursday. Kellie

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by Mary-Louise Hoffman
July 15, 2013
DoD
Pentagon’s Accounting Agency Starting Sequestration Prep

Effective Monday, the Defense Finance and Accounting Service is implementing a hiring freeze and reducing funds for travel, training and overtime in an attempt to handle potential sequestration cuts. According to Federal

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by Ross
January 24, 2013
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