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A new Pentagon memorandum directs the development of software to automate direct access to defense contractors' financial systems, signaling a major shift toward real-time oversight, financial transparency, and automated audit capabilities across the defense industrial base.

The Department of Defense is soliciting feedback from the defense industrial base on proposed contract accounting reforms. The initiative aims to align defense audit standards with Generally Accepted Accounting Principles (GAAP), streamlining compliance and reducing barriers for commercial tech vendors.