mr. o'halloran. >> thank you, mr. chairman. first of all, i want to thank all those who have work on this over the past decades. as a new person like mr. carvajal and all those front-row people, i'm kind of -- after having read the information on this, i'm kind of shocked. >> mm-hmm. >> as a new person here, to look at decade after decade and trillions of dollars after trillions of dollars and apparently no real rush to get to the point where we have an audit, a meaningful audit, is disturbing. but i do want the to thank you for being here to discuss this critical issue for our war fighters and american taxpayers, and thank you for your service. i wanted to echo my colleagues who have rightfully stated proper oversight is long overdue at dod. waste, fraud, abuse, have no place at any agency, especially not when it comes to guaranteeing our national security and readiness. every dollar wasted or fraudulently spent is a dollar lost to our war fighters. they deserve better, and i look forward to working with you and the rest of th

mr. o'halloran. >> thank you mr. chairman. first of all, i want to thank all of those that worked on this .ver the past decade like all's front row people, i'm kind of, after having read the information, i'm kind of shocked. as a new person here and, to ,ook at it decade after decade apparently no real rush to get to a point where we have an , it's disturbing. and i want to thank people for being here today to discuss this taxpayers.ican thank you for your service. i wanted to say that financial oversight is long overdue. waste and other things have no place in the agencies, especially when it comes to guaranteeing our national security and readiness. every dollar wasted is a dollar lost. better, and i look forward to working with you and the rest of this committee to look over our financial integrity. i also share concerns as to what we can expect from this process. the dod has not yet demonstrated that its leadership has the ability to achieve financial reform. their qualifications of levels of expertise, leading to reform t

mr. o'halloran. >> thank you mr. chairman. first of all, i want to thank all of those that worked on this .ver the past decade like all's front row people, i'm kind of, after having read the information, i'm kind of shocked. as a new person here and, to ,ook at it decade after decade apparently no real rush to get to a point where we have an , it's disturbing. and i want to thank people for being here today to discuss this taxpayers.ican thank you for your service. i wanted to say that financial oversight is long overdue. waste and other things have no place in the agencies, especially when it comes to guaranteeing our national security and readiness. every dollar wasted is a dollar lost. better, and i look forward to working with you and the rest of this committee to look over our financial integrity. i also share concerns as to what we can expect from this process. the dod has not yet demonstrated that its leadership has the ability to achieve financial reform. their qualifications of levels of expertise, leading to reform t

mr. o'halloran's issue, the cpa firms that provide the audit are held to professional standards by their own industry and state boards of accountancies. it's not like you have groups out there not without oversight from professional standards they would have to ascribe to if they were working a professional audit or not. >> and they are audited and they will have to produce to an external form they did their audits to a professional standard. >> while we're not perfect, there are professionals and professional standards those folks are held to? >> correct. >> a quick antidote. part of the issue over this time frame is making sure you have the right tone from the top. it's been transitioned to the new administration this time really well. i was encouraged by an experience in hawaii a while back touring the "uss texas" a submarine and we were in the galley with the guys and one of the petty officers said, how's the audit going for the department of defense? two things, you planted that guy down there on that ship or you have bright enlisted guys listening to conversations going on througho