Source: United States Navy
WASHINGTON – The Department of the Navy (DON) completed its fiscal year (FY) 2021 financial statement audits Nov. 8. As expected for a large and complex enterprise undergoing its initial years of audit, auditors could not express an opinion on the FY 21 financial statements for the DON Working Capital Fund, Navy General Fund, and the Marine Corps General Fund. The DON made steady progress in audit opinions and is executing an audit roadmap and addressing material weaknesses.