American Military News by Timothy Frudd November 18, 2024
The U.S. Department of Defense confirmed on Friday that the Pentagon failed its seventh consecutive audit and failed to give a full account for its $824 billion budget. Despite the seventh consecutive audit failure, Pentagon officials claimed that the Department of Defense has “turned a corner” and is “making progress” toward a clean audit in the next few years.
In a Friday press release, the Department of Defense announced that it had released the results of the Pentagon’s seventh annual financial audit, which included a disclaimer of opinion, indicating that the auditors were not provided with enough information to give an accurate opinion of the department’s financial accounts for the year.
According to the press release, the audit was completed by the Department of Defense Office of Inspector General and independent public accountants. Of the Pentagon’s 28 reporting entities for financial audits, 15 received disclaimers, one received a qualified opinion, 9 received an unmodified opinion, and three opinions are still pending.
More:
https://americanmilitarynews.com/2024/11/pentagon-fails-7th-audit-cant-fully-account-for-824-billion/
