“The U.S. Air Forces (USAF) auditability is dependent on successfully deploying the Defense Enterprise Accounting and Management System (DEAMS). The current DEAMS life-cycle cost estimate is $2.1 billion. As of March 31, 2012, DEAMS expenditures totaled approximately $322.2 million. We determined whether the DEAMS fulfilled selected functional capabilities needed to generate accurate and reliable financial management information. DEAMS lacked critical functional capabilities needed to generate accurate and reliable financial management information. DEAMS managers did not maintain an adequate Chart of Accounts (COA). In addition, DEAMS did not report Standard Financial Information Structure (SFIS) financial data directly to the Defense Departmental Reporting System (DDRS).
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