**GAO-03-465**                      Published: Mar 28, 2003. Publicly Released: Mar 31, 2003.                  

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## Highlights

The Department of Defense's (DOD) long-standing financial management and business systems modernization problems result in a lack of information needed to make sound decisions, hinder the efficiency of operations, and leave the department vulnerable to fraud, waste, and abuse. Such problems led us in 1995 to put financial management and business systems modernization at DOD on our list of high risk areas in the federal government, a designation that continues today. GAO was asked to (1) provide information on the number and cost of DOD's current business systems and (2) determine if DOD is effectively managing and overseeing selected accounting system investments.

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## Topics

Information Technology

Cost analysisDefense economic analysisDefense operationsFinancial managementFinancial management systemsEconomic analysisU.S. ArmyU.S. Air ForceBusiness systems modernizationChief information officers