This report examines the administration, expenditure, activities and achievements of the MoD during the 2008-09 financial year, as detailed in the "Ministry of Defence Annual Report and Accounts 2008-09" (ISBN 9780102962239). It continues a series of inquiries and, indeed, the Committee sees it as cause for concern that the NAO found the need to qualify the MoD's resource accounts for the third consecutive year. Whilst it is acknowledged that capability in theatre must be the Department's first concern, failing to maintain accurate and full information on personnel and to keep track of assets has the potential to threaten the long-term capability of the Department, including operational capability.