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Pentagon Fails Its First-Ever Audit

Published: November 16, 2018
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Source: Cryptogon

Shocker.

Via: Reuters:

The Pentagon has failed what is being called its first-ever comprehensive audit, a senior official said on Thursday, finding U.S. Defense Department accounting discrepancies that could take years to resolve.

Results of the inspection – conducted by some 1,200 auditors and examining financial accounting on a wide range of spending including on weapons systems, military personnel and property – were expected to be completed later in the day.

“We failed the audit, but we never expected to pass it,” Deputy Secretary of Defense Patrick Shanahan told reporters, adding that the findings showed the need for greater discipline in financial matters within the Pentagon.

“It was an audit on a $2.7 trillion dollar organization, so the fact that we did the audit is substantial,” Shanahan added.

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