Monday, November 18, 2024

Pentagon Flunks Seventh Straight Audit, Can't Fully Account for $824 Billion Budget

It was reported on Friday that the Pentagon, the nation's largest government agency, failed its seventh audit in a row, still unable to fully account for its more than $824 billion budget.

(Pun intended) Still, Under Secretary of Defense Comptroller and Chief Financial Officer Michael McCord said in a statement that despite the disclaimer of opinion, the Defense Department “has turned a corner in its understanding of the depth and breadth of its challenges.” This is the last time in this article I'll mention Elon and Vivek, but I bet "turning the corner" isn't good enough, either -- particularly for another four years.

First question: Why? I'll venture a guess that the answer is because sufficient information was nowhere to be found, which raises the second question: Why not? The goal is to earn a clean audit, which means an audit finds financial statements are accurate and a qualified opinion says that while there are omissions and concerns, a government agency's finances are '"generally reliable." In this case, we're talking about more than 824 billion taxpayer dollars.

As RedState reported on November 12, President-elect Donald Trump announced that Tesla and SpaceX CEO Elon Musk and former Republican presidential candidate and entrepreneur Vivek Ramaswamy will lead his newly created Department of Government Efficiency (DOGE).

Mike Waltz as National Security Adviser Pentagon Generals Freak Out, Scramble to Hide Evidence of DEI Advocacy Trump Preparing Executive Order to Cull the Military of Woke Generals and Admirals Incidentally, the Pentagon has never passed an audit since the agency became legally obligated to conduct them in 2018.

According to reports, the Department of Defense -- led by often-under-fire Secretary Lloyd Austin --technically earned a disclaimer of opinion, meaning it failed to provide sufficient information to auditors to form an accurate opinion. 

https://redstate.com/mike_miller/2024/11/17/pentagon-flunks-seventh-straight-audit-cant-fully-account-for-more-than-824-billion-budget-n2182107

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