Congressman Tim Griffin (AR-02) issued the following statement after joining six other Members in sending a letter to Senate Armed Services Committee Leaders, asking them to press Senator Chuck Hagel on his commitment to ensuring the U.S. Department of Defense (DoD) produces annual auditable financial statements:
"In this era of shrinking budgets and growing commitments, our men and women in uniform and the American taxpayers, deserve to know that every dime appropriated to DoD is being used to its maximum potential. As the President's choice to run the Pentagon, Senator Hagel's commitment to auditable financial statements at the DoD is critical, and that's why I've asked the Senate to make this issue a priority during his confirmation process."
In the letter, Griffin points out that DoD has been listed on the Government Accountability Office's "High Risk" list for waste, fraud, abuse, and mismanagement since 1995. As a former member of the House Armed Services Committee, Griffin has continually pushed for DoD to establish an auditable financial statement system. In the FY12 National Defense Authorization Act (H.R. 1540), Griffin included an amendment that required the DoD to identify and improve weaknesses and deficiencies in the DoD's Financial Improvement and Audit Readiness (FIAR) Plan. The FIAR outlines the strategy, priorities, and methodology for achieving auditable financial statements for the DoD.
Hagel testified before the Senate Armed Services Committee yesterday. Video of Hagel's testimony can be found here: http://www.armed-services.senate.gov.