Pentagon Fails 6th Annual Audit In A Row

USA World

Defense News: Pentagon fails sixth audit, with number of passing grades stagnant 

WASHINGTON — For the sixth year in a row, the Pentagon failed its annual audit. 

The result is not a surprise. The Department of Defense’s assets are vast and decentralized, amounting to $3.8 trillion alongside $4 trillion in liabilities. These are located in all 50 states and more than 4,500 sites around the world. 

 Since the Pentagon began auditing itself in 2018 — the last department to do so after Congress required the practice across the government in 1990 — it’s solved some of its easiest accounting problems. Now change each year is more incremental. 

If there’s change at all, that is — last year, auditors only rated seven of the nearly 30 sub-audits as clean. This year too there were seven.  

Read more ….  

WNU Editor: Why am I not surprised. 

Pentagon Fails 6th Annual Audit In A Row  

With trillions at play, Pentagon fails audit for sixth year in a row — Breaking Defense 

Pentagon fails annual audit for 6th year in a row — FOX News 

Pentagon fails sixth audit in a row — The Hill
 

Pentagon Fails Sixth Audit in a Row, Claiming “Progress Sort of Beneath the Surface” — The Intercept
 

Pentagon fails annual audit — RT