Over-Budget IT Upgrades May Jeopardize DOD's Audit Goals

Law360, New York (July 27, 2012, 6:11 PM EDT) -- The U.S. Department of Defense has run $8 billion over budget on a series of information technology acquisitions to improve and centralize its bookkeeping, and ongoing delays cast doubt on the military's ability to complete a long-planned full financial audit by 2017, experts say.

The DOD plans to spend more than $15 billion on six enterprise resource planning systems that will consolidate and modernize more than 200 legacy systems dealing with accounting, inventory, payroll, budgeting and other systems necessary to complete a departmentwide financial audit. But...
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