Financial Improvement and Audit Readiness (FIAR) Program
Financial Improvement and Audit Readiness (FIAR) Program Overview
The Financial Improvement and Audit Readiness (FIAR) Program will be replacing the Financial Improvement Program (FIP) going forward. The reason for this change is that new name FIAR more accurately reflects what the program was set up to accomplish: the ability to have auditable financial statements across the Department of the Navy.
The DON FIAR Program will continue the multi-year Department-wide effort to strengthen Navy-Marine Corps business processes and systems, transforming them so that they better serve worldwide operations. The program's goal is to produce financial information with greater accuracy, reliability, and accessibility. With this improved information, the DON's senior leaders will be able to allocate the Department's resources in a better informed, more precise way.
Please contact the DON FIAR POC for additional information on the DON FIAR program.
FMO has created the following FIAR Fact Sheet for Commands to use in order to gain a better understanding of the FIAR program and the different effects it will have on DON’s path towards Audit Readiness.
FMO FIAR Support
FMO provides management of the DON FIAR program (formerly called FIP), which is implemented at the Command level. Key tasks FMO provides in support of the DON FIAR program include:
- Provides DON FIAR funding to the Commands
- Basic Understanding Brief Overview (PPT, 4.92MB)
- Provides schedules
- Acts as main liaison between the ASN's and Commands regarding FIAR and audit readiness
- Reviews Command submissions
- Coordinates Command testing efforts
- Works with the FIAR office to coordinate key deadlines and milestones
FMO has created a Plan of Action and Milestones (PoAM) to focus on the critical path, internal and external dependencies, sequential and concurrent work streams and timeline towards audit readiness. Its address:
- Transaction universe reconciliation
- Financial statement compilation
- FBWT reconciliation
- Data and source documentation management
- System capability and reliability
- Segment assertions
- Functional community dependencies
Please click here for more information on the PoAM.