To direct the Secretary of Defense to ensure that the audit of the financial statements of the Department of Defense for fiscal year 2024 is conducted using technology that uses artificial intelligence, and for other purposes.

HR 7603 requires the Secretary of Defense to use artificial intelligence technology for auditing the Department of Defense's fiscal year 2024 financial statements. The bill mandates that the Under Secretary of Defense (Comptroller) and the Inspector General jointly develop this AI tool to help conduct the audit and accelerate retiring outdated financial systems, while maintaining proper controls and audit standards. Any surplus funds identified through this audit due to accounting errors must be returned to the Treasury's General Fund for deficit reduction. The Secretary must also report to Congress within 180 days on the audit progress and the AI technology's development.