REDSTONE ARSENAL, Ala.--The Army Contracting Command Deputy Chief of Staff Resource Management G8 office is "FIAR"d up.
They kicked off the command's audit readiness campaign with a Schedule of Budgetary Activities Audit Awareness social May 7. FIAR -- Financial Improvement and Audit Readiness -- is the mission of ACC's Governance, Review, and Compliance Committee to oversee and direct the command's preparedness to achieve and sustain audit readiness. May 11 would see their hard work come to fruition as the audit began, according to Tyrus Edwards, ACC Systems and Accounting Branch, Resource Management, G8.
"The ACC Audit Readiness Team has gone the extra mile…conducted on-site visits with all the centers and commands and have worked diligently to ensure corrective actions are in place and procedures and processes are implemented in preparation for the independent public accounting firm testing," said Belinda Gemme, deputy chief of staff, G8. "The ACC command-wide team has set the conditions for success."
ACC has a dual role in audit readiness, acting as both an independent fund center and as providing contracting support to other financial entities under the Department of Defense, said Edwards. ACC provides contracting support to nearly 70 percent of the Army. This work does not go unrecognized, he added.
Maj. Gen. Ted Harrison, ACC commanding general, said financial improvement and audit readiness are ACC strategic priorities.
"Audit readiness matters," Harrison said. "Ultimately, accountability and audit readiness are inherent to the Army's mission because they allow us to better support the warfighter through better management of Army resources. Audit readiness is not a new requirement or mission, but rather an effort to enable and embed audit readiness as part of our standard business practice. We don't want to lose sight of this vitally important effort. We've done tremendous work to get to this point. We have to keep ACC FIAR'd up."
"The key to success is commanders' ownership," said Isaac Brown, the FIAR GRC chairman, G8. "It's an enterprise effort and a team sport. Accountability and audit readiness leads to a stronger Army, ACC's ability to better support warfighting, and achieving a positive audit opinion, which proves we're responsible stewards of taxpayers' dollars."
This is the first time the Army is being audited by an independent public accounting firm.
The SBA audit will last through Sept. 30, the end of fiscal year 2015.
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