DOD FINANCIAL MANAGEMENT: Additional Actions Would Improve Reporting of Joint Strike Fighter Assets.

F-35 (Military aircraft); FINANCIAL management; DEFENSE procurement; INVENTORY control; JET fighter planes; UNITED States. Government Accountability Office; UNITED States. Dept. of Defense

The article presents a report from the U.S. Government Accountability Office (GAO) on the U.S. Department of Defense's (DOD) financial management of the F-35 Joint Strike Fighter (JSF) program and recommends actions to improve financial reporting of JSF assets. The report highlights steps taken by the DOD to address material weakness of the program including inventory count procedures to verify physical existence of JSF assets. It reviews DOD acquisition strategy and remediation developments.