DoD audit uncovers millions of dollars in unaccounted-for spare parts

[rangerrebew]

DoD audit uncovers millions of dollars in unaccounted-for spare parts
By Jared Serbu 
March 19, 2019 7:43 am 
 

The Defense Department is just starting its second year of full-scale financial audits, and it’s likely to take many more before those efforts yield a clean opinion. But the process is already having at least one beneficial effect: It’s pushed the military services to account for tens of millions of dollars in government property they’d lost track of.

According to DoD’s auditors, property accountability issues are still among the most serious problems preventing it from passing an audit. In the first year of the full-scope examination, auditors issued more than 170 separate findings and recommendations detailing the military services shortcomings in tracking their small-item inventory and real estate.

https://federalnewsnetwork.com/dod-reporters-notebook-jared-serbu/2019/03/dod-audit-uncovers-tens-of-millions-of-dollars-in-unaccounted-for-spare-parts/?fbclid=IwAR3KW6nlbm1F-Y1c1_kuMnKh5EpIZJ5rL6YdcdfeyvGw2i0gIciLvtgjhvw

[rangerrebew]

They might want to check the bottom of the South China sea for parts.  During Viet Nam it was a popular area for dumping things so funding in the next budget would not be lowered.  Maybe the Chinese even built their islands with it all.