March 9, 2023
House Republicans call for a ‘briefing’ on the DoD’s latest failed audit
By Olivia Murray
The bloated agency is 0 for 5, but in the words of Michael McCord, the department’s own financial executive, “I would not say that we’ve flunked.” For context, the pass rate was a mere 39%, after a 28-year preparatory period; what’s he using, common core math?
Clearly this guy is unqualified to run the corner lemonade stand, let alone an agency with a nearly $2 trillion annual budget.
This past November, the Department of Defense announced that it had failed its fifth consecutive audit… of the five audits the agency has ever undergone. (In fact, it is the only federal agency with such an abysmal record). Now, despite a 1990 requirement for financial transparency, the DoD had a nearly three-decade grace period, and didn’t produce audit results until 2018; contrary to what Mr. McCord thinks, 39% is not a passing grade.
Now, House Republicans are poking around. Three days ago, Rep. James Comer and Rep. Pete Sessions sent a letter to the DoD’s Lloyd Austin regarding the messy finances. Read below:
more
https://www.americanthinker.com/blog/2023/03/house_republicans_call_for_a_briefing_on_the_dods_latest_failed_audit.html
