Audit Readiness Requirements for DoD Equipment (CLM048) Online Course
The new Audit Readiness Requirements for DoD Equipment course—Continuous Learning Module, CLM048—is now available through the Defense Acquisition University (DAU) Continuous Learning Center. The course is available for all Department of Defense (DoD) personnel who play a crucial role in acquiring, accounting for, managing and controlling government equipment—both for the warfighter and for the American taxpayer.
The course provides the requirements and processes necessary for you to prepare for an audit—to enable you to state with confidence that you are ready for an independent review of your financial statements, that you can make the five required assertions, and that you have all necessary documents to support those assertions. The module also deals with the unique audit readiness requirements for DoD equipment. In a typical audit readiness environment, the Comptroller is usually responsible for ensuring the relative data is audit ready. However, because of the uniqueness of DoD, it is necessary for acquisition and logistics personnel to help ensure that DoD equipment data is audit ready.
Browse through or register for the course at the DAU Continuous Learning Center or start at the DAU home page. (Hint: To locate the course quickly, click on the “CLM” tab, type the word “Fiscal” in the “keywords” search field and click on the “Search” button.) Registration is needed to take the course for credit, but is not required to browse the course. (Hint: Follow instructions at the top of the browser to register.) This self-paced course takes approximately 2.0 hours to complete and is recommended for 2.0 continuous learning points (CLP).
Who should take this course: We encourage Program Managers, Procurement Contracting Officers, Business/Financial Management Analysts, Item Managers, Accountable Property Officers, Property Custodians, Accounting and Financial Managers, and all others whose job includes audit readiness of DoD equipment to take the course.
- Foundations of Government Property (CLM039)
- Fiscal and Physical Accountability and Management of DoD Equipment (CLM047)
- Proper Financial Accounting Treatment for Military Equipment (PFAT4ME) (CLM040)
- National Defense Authorization Act (NDAA) of 2002,
- DoD Financial Management Regulation (DoDFMR) 7000.14-R
- Government Accountability Office (GAO) Yellow Book
- SFFAS No. 6, Accounting For Property, Plant, and Equipment
- DoDI 5000.64 Accountability
and Management of DoD-Owned Equipment and Other Accountable Property (November 2, 2006).
- Financial Improvement and Audit Readiness (FIAR) Website