Watchdog Group Criticizes DOD Service Contracting

Law360, New York (October 25, 2012, 8:42 PM EDT) -- The nonprofit Project On Government Oversight on Thursday pushed lawmakers to improve oversight of the hundreds of billions of dollars that the U.S. Department of Defense spends annually on service contracts, saying that the DOD's "inept accounting system and budgeting process" block efforts to boost transparency and accountability.

The DOD's accounting for services contracts has been scrutinized in Congress over the past year, in hearings and less formal requests for information. In March, Sen. Claire McCaskill, D-Mo., held a hearing called, "Contractors: How Much Are They...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.