Black Listed News

DOD and Homeland Security Is Unauditable

January 18, 2013
Share It | Print This

Source: Dvorak Blog

How much did Madoff bilk investors out of? And how many years did he get in prison for it? If the books were cooked on purpose (ie, bilking the American public’s out of their money), how many years will these people get in prison?

The Government Accountability Office said Thursday that it could not complete an audit of the federal government, pointing to serious problems with the Department of Defense.

Along with the Pentagon, the GAO cited the Department of Homeland Security as having problems so significant that it was impossible for investigators to audit it. The DHS got a qualified audit for fiscal year 2012, and is seeking an unqualified audit for 2013.

The report released by the GAO on Friday indicates serious accounting problems at two of the largest government agencies: the Pentagon and the Department of Homeland Security. The Department of Defense has a net cost of $799.1 billion to the federal budget, while the Department of Homeland Security has a net cost of $48.7 billion.
[...]
The Department of Defense’s inability to get its books in order also comes as Congress is slated to cut $500 billion from its budget over ten years starting March 1.



Share This Article...


Subscribe To Updates
Blacklisted Newsletter
Blacklisted Radio
Blacklisted Nation
On Twitter
On Facebook
The DoomCast
Podcasts on Demand
Podcasts on Spreaker
Podcasts on Youtube
Podcasts on iTunes
Podcasts on Stitcher
Podcasts on Tunein
Podcasts on Roku

Support Us
Donate Today!

Affiliates
Shop Amazon
Golden Eagle Coins
6 Dollar T-Shirts
DHGATE.COM
The Ready Store
Onnit Labs
Audible Audio Books
Blue Host



BlackListed News CC 2006-2014