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Satnews Daily
December 6th, 2011

DISA... A Clean House (Financials)


[SatNews] DISA received its first clean audit decision November 18th....

....from an independent audit firm when it successfully completed a fiscal year (FY) 2011 Defense Working Capital Fund (DWCF) financial statement audit. Receiving a clean audit signifies that DISA has proven management control over the processes it currently uses to produce its financial data. The agency has a solid understanding of its financial transactions and is able to provide financial summaries that are accurate and reliable. “A clean audit is validation by an independent source, following a stringent set of standards, that DISA’s financial records can be relied upon, “ said Barbara Crawford, chief of DISA’s Chief Financial Executive (CFE) Accounting Compliance and Operations Division and lead for both DISA’s Audit Support Team and Internal Control Team. “This achievement is exciting for us,” she said. The steps put in place to support the audit readiness initiatives resulted in real cost savings the agency has passed on to mission partners. To date, DISA has realized more than $400 million in cost savings and cost avoidance, providing its mission partners with enhanced capabilities without a corresponding increase in rates, said Crawford.