The Australian Dollar (AUD) is the currency unit used in the Commonwealth of Australia. The Australian Dollar symbol is $. Commonwealth of Australia states include Cocos Islands, Norfolk Island, Pacific Island states, Christmas Island, and Australia.
Overview: The Defense Contract Audit Agency (DCAA) independently investigates Department of Defense (DoD) contracts to determine the fairness, accuracy and completeness of financial records and reports, as well as the effectiveness of any transactions the department has made.
Due to the current financial management deficiencies and non-compliance, Congress mandated in the Defense Appropriation Act of 2002 that the Department of Defense (DoD) prepare an auditable financial statement within seven years. The GFEBS is the solution to meeting these goals.