department of defense agency financial report fiscal year 2012

Department of Defense Agency Financial Report for FY 2012
The Department maintains and provides oversight of a Managers’ Internal Control Program
(MICP), led by the Office of the Under Secretary of Defense, Comptroller, to fulfill the
responsibilities and requirements described above. Under the MICP, the Comptroller
organization provides instructions, guidance, and training to:
• Share knowledge and insight with the Components on how to effectively execute an
internal control program.
• Enhance the Department’s knowledge and understanding of its audit readiness goals and
priorities.
• Disseminate best practices and lessons learned, and assess the 32 DoD Components’
internal control programs during on-site validations, designed to measure the progress
of organizations as well as their strengths and challenges.
The aircraft carrier USS George Washington sails through calm seas near Guam at sunset while
under way in the Pacific Ocean.
U.S. Navy photo by Petty Officer 3rd Class Paul Kelly
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Management’s Discussion and Analysis