Grassley Calls On DOD To Improve Contract Audits

Law360, New York (September 9, 2010, 5:08 PM EDT) -- Sen. Chuck Grassley, R-Iowa, has issued a report criticizing the audit process at the U.S. Department of Defense, saying inaccurate financial data is hindering the department's efforts to root out waste and fraud.

The 73-page report released Wednesday claims a series of “breakdowns” in the auditing process at the DOD's Office of the Inspector General have made it impossible in some cases to link payments with contracts.

The most significant problem, the report said, is a broken accounting system that does not provide complete or accurate...
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