123STA T . 2 4 4 0PUBLIC LA W 111 –8 4 —O CT. 28 , 200 9(i)cor r e c t i ng t h e f in a ncia lm anagement d efi - ciencie s that im p air the a b ilit y of the D epartment of Defense to prepare timely , reliable, and complete finan- cial management information
and (ii) ens u ring the financial statements of the Department of Defense are v alidated as ready for audit by not later than S eptember 30 , 2 0 17
( B ) systematically tie the actions described under subparagraph ( A ) to process and control improvements and business systems moderni z ation efforts described in the business enterprise architecture and transition plan re q uired by section 2222 of title 10, U nited States C ode; (C) prioritize — (i) improving the budgetary information of the Department of Defense, in order to achieve an unquali- fied audit opinion on the Department ’ s statements of budgetary resources; and (ii) as a secondary goal, improving the accuracy and reliability of management information on the Department’s mission-critical assets (military and gen- eral equipment, real property, inventory, and operating materials and supplies) and validating its accuracy through e x istence and completeness audits; and (D) include interim goals, including— (i) the ob j ective of ensuring that the financial state- ment of each of the Department of the Army, the Department of the N avy, the Department of the Air F orce, and the Defense L ogistics Agency is validated as ready for audit
and (ii) a schedule setting forth milestones for elements of the military departments and financial statements of the military departments to be made ready for audit as part of the progress required to meet the objectives established pursuant to clause (i) of this subparagraph and clause (ii) of subparagraph (A) of this paragraph . (b) S EMI - AN N U A LR E PORTS ON FINAN C IAL I MPRO V EMENT AN D AUDIT READINESS P LAN.— (1) IN G ENERAL.—Not later than M ay1 5 and November 15 each year, the Under Secretary of Defense (Comptroller) shall submit to the congressional defense committees a report on the status of the implementation by the Department of Defense of the Financial Improvement and Audit Readiness Plan required by subsection (a). (2) E LEMENTS.—Each report under paragraph (1) shall include, at a minimum— (A) an overvie w of the steps the Department has ta k en or plans to take to meet the objectives specified in sub- section (a)(2)(A), including progress toward achieving the interim goals and milestone schedule established pursuant to subsection (a)(2)(D); and (B) a description of any impediments identified in the efforts of the Department to meet such objectives, and of the actions the Department has taken or plans to take to address such impediments. (3) ADDITIONAL ISSUES TO B E ADDRESSED IN F IRST REPORT.— T he first report submitted under paragraph (1) after the date of the enactment of this Act shall address, in addition to the
