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Article: Enterprise risk management and business activity monitoring program: DFAS seeks to manage or minimize risk and strengthen controls.
- Article from:
- Armed Forces Comptroller
- Article date:
- September 22, 2007
- Author:
CopyrightCOPYRIGHT 2007 American Society of Military Comptrollers. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A the Department of Defense (DoD) financial center, the Defense inance and Accounting Service (DFAS) is responsible for disbursing nearly all DoD funds. In its effort to be an outstanding steward of these funds and being cognizant of the criticality of sound risk management, DFAS is determined to minimize fraud against DoD financial assets and to prevent improper and late payments. This responsibility is "in isync" with DFAS's twin strategic missions: to provide responsive, professional finance and accounting services for the people who defend America and to provide the best value to its customers.
Understanding and managing risk ...