Pentagon Financial Execs Concerned by Shrinking Staff, Accelerated Goals
The financial workforce at the Pentagon are strained by doing more with less, budget cuts, and the pressure to meet auditability requirements by next year, according to the 13th Annual Survey of Defense Financial Management Executives.
The 200 respondents of the American Society of Military Comptrollers and Grant Thornton Public Sector led survey found that 47 percent of respondents said their workload was a lot more in 2015 than in the previous year. 35 percent said their workload was somewhat more, and 6.5 percent felt it was either a little less or a lot less.
“As expected, the results of this year’s survey show that while staffing to execute the resource management workload decreases (due to retirements and some administrative position reductions), actions toward achieving financial statement auditability have increased the workload,” said Al Runnels, the comptrollers group’s executive director.
“The pace and complexity of operations remain high; however, Defense financial managers remain committed to meeting the requirements and providing critical support to decision-makers,” Runnels said.
“While there are challenges and strains due to the current environment, there are also opportunities for innovation and improvement,” said Ariane Whittemore, director of security and defense for Grant Thornton.
“The survey shows that many financial managers are optimistic about the future, and about developments in the Defense financial management profession.”
Budget cuts, workforce transitions and the accelerating quest for clean books were the top concerns for leaders, yet this survey discovered a clear shift “of concern by financial management professionals from attaining auditability to sustaining it.”
Yet, despite these numerous challenges, the financial workforce expressed optimism about the future and was excited about developments in the defense financial management profession.
Posted in General News