113 STAT. 736 PUBLIC LAW 106-65—OCT. 5, 1999 (2) includes appropriate internal controls that, among other benefits, ensure the integrity of the data in the system. (d) FINANCIAL MANAGEMENT COMPETENCY PLAN.— The plan referred to in subsection (a) shall include a financial management competency plan that includes performance objectives, milestones (including interim objectives), responsible officials, and the necessary resources to accomplish the performance objectives, together with the following: (1) A description of the actions necessary to ensure that the person in each comptroller position (or comparable position) in the Department of Defense (whether a member of the Armed Forces or a civilian employee) has the education, technical competence, and experience to perform in accordance with the core competencies necessary for financial management. (2) A description of the education that is necessary for a financial manager in a senior grade to be knowledgeable in— (A) applicable laws and administrative and regulatory requirements, including the requirements and procedures relating to Government performance and results under sections 1105(a)(28), 1115, 1116, 1117, 1118, and 1119 of title 31, United States Code; (B) the strategic planning process and how the process relates to resource management; (C) budget operations and analysis systems; (D) management analysis functions and evaluation; and (E) the principles, methods, techniques, and systems of financial management. (3) The advantages and disadvantages of establishing and operating a consolidated Department of Defense school that instructs in the principles referred to in paragraph (2)(E). (4) The applicable requirements for formal civilian education. (e) IMPROVEMENTS TO DFAS, ETC. —The plan referred to in subsection (a) shall include a detailed plan (including performance objectives and milestones and standards for measuring progress toward attainment of the objectives) for the following: (1) Improving the internal controls and internal review processes of the Defense Finance and Accounting Service to provide reasonable assurances that— (A) obligations and costs are in compliance with applicable laws; (B) funds, property, and other assets are safeguarded against waste, loss, unauthorized use, and misappropriation; (C) revenues and expenditures applicable to agency operations are properly recorded and accounted for so as to permit the preparation of accounts and reliable financial and statistical reports and to maintain accountability over assets; (D) obligations and expenditures are recorded contemporaneously with each transaction; (E) organizational and functional duties are performed separately.at each step in the cycles of transactions (including, in the case of a contract, the specification of
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