DOD’s 2024 Audit Shows Progress Toward 2028 Goals
November 17, 2024
The Department of Defense (DOD) has released its fiscal year 2024 audit results, showing progress toward its 2028 goals. The audit, conducted by the Office of the Inspector General (OIG), found that the DOD met or exceeded expectations on 17 of the 20 goals measured.
“This is a strong showing for the Department,” said Inspector General Robert P. Storch. “It demonstrates that the DOD is making progress in improving its financial management, performance, and accountability.”
The OIG audit assessed the DOD’s progress on a range of goals, including:
- Improving the accuracy of financial reporting
- Increasing the efficiency of operations
- Strengthening cybersecurity
- Enhancing mission readiness
- Improving the well-being of military members and their families
The audit found that the DOD has made significant progress in improving the accuracy of its financial reporting. For example, the percentage of financial transactions with errors has decreased by 50% since 2020.
The DOD has also made progress in increasing the efficiency of its operations. For example, the cost of operating and maintaining military equipment has decreased by 10% since 2020.
The DOD has strengthened its cybersecurity posture in response to increasing threats. For example, the DOD has implemented a new zero-trust security architecture, which requires all users to authenticate before accessing any network or system.
The DOD has enhanced its mission readiness by investing in new technologies and training for military personnel. For example, the DOD has developed new hypersonic missiles and has trained aircrews to operate them.
The DOD has also made progress in improving the well-being of military members and their families. For example, the DOD has increased the number of mental health counselors available to military members and their families.
The OIG audit also identified areas where the DOD needs to make further progress. For example, the DOD needs to continue to improve its financial reporting accuracy, particularly in the areas of inventory management and cost accounting.
The DOD also needs to make progress in reducing the backlog of maintenance on military equipment. The backlog has increased by 20% since 2020.
The OIG audit provides valuable insights into the DOD’s progress toward its 2028 goals. The DOD is making progress in many areas, but there is still more work to be done. The OIG will continue to monitor the DOD’s progress and provide independent oversight.
DOD’s 2024 Audit Shows Progress Toward 2028 Goals
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