department of defense agency financial report fiscal year 2012

Department of Defense Agency Financial Report for FY 2012
Management-identified weaknesses are determined by assessing internal controls, as
required by the FMFIA, the Federal Financial Management Improvement Act (FFMIA), and
OMB Circular No. A-123, and fall into one of the following three categories:
1. FMFIA Section 2, Financial Reporting Material Weaknesses (see Table 1a).
2. FMFIA Section 2, Operations Material Weaknesses (see Table 1b).
3. FMFIA Section 4, Financial System Nonconformance Weaknesses (see Table 1c).
FEDERAL MANAGERS’ FINANCIAL INTEGRITY ACT (FMFIA)
1. FMFIA Section 2, Financial Reporting Material Weaknesses. Under the oversight of
the DoD Financial Improvement Audit Readiness (FIAR) Governance Board, discussed in the
Department’s FIAR Plan Status Report, DoD’s assessment of its financial reporting identified
the areas of material weakness listed in Table 1a. The table includes a column, entitled “Ref
Table 2,” that crosswalks the manager-identified areas of material weakness to similar areas
of weakness identified by the DoD IG in Table 2.
Table 1a lists the DoD’s manager-identified 18 categories of material weaknesses in the
Department’s Internal Control over Financial Reporting. There were no new weaknesses
identified in FY 2012.
A-33
Addendum A