| Description: |
Environmental Liabilities Recognition, Valuation, and Reporting Requirements (ELRV&RR) initiative supports the Environmental Liabilities Identification and Valuation Enterprise capability, which in turn supports the Real Property Accountability BEP. This includes data capture, inventory recording, integration with core financial systems and linkage to asset records. DoD environmental liability estimates are not auditable and have been identified by GAO as a material weakness. DoD efforts have traditionally focused on updating the required inventories, improving data quality and record keeping, and providing clear OSD financial and program guidance. However, the long term solution to achieving a favorable environmental liabilities audit is to reengineer the environmental liabilities recognition, valuation, and reporting business process and then integrate financial and program IT systems to produce auditable and complete data. |