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Cost Estimating NewsBrief: March 27, 2026
Pentagon Updates Financial Reporting Structure to Secure a Clean Audit by 2028
(ExecutiveGov) The Department of War has introduced a refined strategy to achieve a clean audit opinion by fiscal year 2028. In a joint memo published Tuesday, the Office of the Under Secretary of War (Comptroller) and the Office of Inspector General outlined upcoming changes to the department’s financial reporting structure and audit approach to ensure audit readiness. The effort builds on prior commitments from department leadership to meet annual milestones and deliver a clean audit by 2028 or sooner. Read More
New NSA director pushes for more intel-sharing with allies in internal meeting
(NextGov/FCW) The new director of Cyber Command and the National Security Agency told both organizations’ workforces in a Tuesday all-hands meeting that he wants to double down on intelligence-sharing with U.S. allies and partners, according to two people familiar with the matter. Gen. Josh Rudd, who was confirmed to lead both organizations earlier this month, told members of the signals intelligence titan and combatant command to partner with other allied countries “until it hurts,” one of the people said. Read More
Transparency of Agency Programs, Spending Still Lacking, GAO Says
(FEDWeek) Federal agencies “have taken steps to improve the transparency of information on federal spending and programs” but still are coming up short, a GAO official has told the Senate Small Business and Entrepreneurship Committee in testimony that called attention to recent reports on several aspects of that subject. For example, he said that while usaspending.gov is designed to be the official public source of data on spending, some agencies do not report to it at all, and data that is reported often does not account for contracts or grants not subject to general acquisition requirements. Read More
Bipartisan bill would make restrictions on contractor buybacks, dividends permanent
(Breaking Defense) A bipartisan duo of senators are seeking to codify President Donald Trump’s limitations on poorly performing defense contractors, introducing new legislation today that would restrict companies’ ability to conduct share buybacks, issue dividends and raise executive compensation. The bipartisan bill — titled Prioritizing the Warfighter in Defense Contracting Act of 2026 and cosponsored by Sens. Elizabeth Warren, D-Mass., and Josh Hawley, R-Mo. — would make the restrictions laid out by Trump’s January executive order the default unless the Pentagon submits a waiver stating that the company is meeting schedule and performance requirements. Read More
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