To impose consequences on the Department of Defense for any failure to meet statutory deadlines for validation of financial statements of the Department of Defense as ready for audit and for completion of a full audit on financial statements of the Department of Defense for fiscal year 2018.

Defense Spending Accountability Act This bill imposes on the Deputy Secretary of Defense (Chief Management Officer of the Department of Defense [DOD]), the Under Secretary of Defense (Comptroller), and the Chief Management Officer of each of the military departments: (1) a 5% pay cut if certain financial statements are not validated as ready for audit by September 30, 2017, and (2) a 10% pay cut if such statements for FY2018 are not ready for audit by March 31, 2019. The bill prescribes the following due process protections for such officials: (1) notice and opportunity to respond, and (2) appeal rights.