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 <title>Department of Defense: Status of Financial Management Weaknesses and Progress Toward Reform</title>
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<abstract>As seen again in Iraq, the excellence of our military forces is
unparalleled. This same level of excellence is not yet evident in
the Department of Defense&apos;s (DOD) financial management and other 
business areas, impeding DOD&apos;s ability to provide complete,	 
reliable, and timely information to the Congress, DOD managers,  
and other decision makers. Congress asked GAO to testify on the  
status of DOD&apos;s financial management and business process reform 
efforts. Specifically, GAO was asked to provide an overview of	 
the long-standing financial management weaknesses facing DOD and 
a summary of the underlying causes of DOD&apos;s financial management 
challenges. In addition, GAO&apos;s testimony focused on (1) key	 
actions necessary to correct DOD&apos;s financial management problems 
and (2) the progress DOD is making toward business process	 
reform.</abstract>
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<note>Testimony</note>
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