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Pentagon Fails Fifth Audit in a Row
[Blaze] Pentagon can't account for $220 billion in gov't property, fails fifth audit  The Pentagon failed its fifth audit in November after the agency could not prove expenditures for 61% of its $3.5 trillion in assets. To perform this year's overall audit of the DOD, which was expected to cost $218 million, the agency aggregated 27 separate audits conducted by approximately 1,600 auditors. According to Military.com, the auditors performed 220 in-person site visits and 750 virtual site visits.The GAO's study reported that auditors first alerted the DOD in 2001 that the agency failed to keep track of its government-furnished property. Posted by: Bobby 2023-01-21 |
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