Pentagon Fails Seventh Straight Financial Audit: Billions of Taxpayer Money Unaccounted For in Latest Government Scandal

[Vambram]

Department of Defense Completes Seventh Consecutive Department-Wide Financial Statement Au

The Defense Department released the results of its seventh annual departmentwide financial statement audit, which again resulted in a disclaimer of opinion.

www.defense.gov

Pentagon Fails Seventh Straight Financial Audit: Billions of Taxpayer Money Unaccounted For in Latest Government Scandal | The Gateway Pundit | by Jim Hᴏft

The U.S.

www.thegatewaypundit.com

The U.S. Department of Defense (DoD) has failed its seventh consecutive financial audit.

Despite commanding an $824 billion 2024 budget — funded entirely by hardworking American taxpayers — the Pentagon remains unable to account for vast sums of money.
The Pentagon began its first-ever agency-wide financial audit in 2017. This marked the beginning of a process that had been sought, promised, and delayed for years.

Since undertaking this initial audit, the Pentagon has consistently failed to pass its subsequent audits, the first of which failed in 2018. Out of the 28 entities audited this year, only 9 received clean opinions, while 15 received disclaimers — meaning they were so disorganized that auditors couldn’t even determine the accuracy of their records. One received a qualified opinion, meaning the financial statements were mostly accurate but contained certain issues or exceptions that were not fully compliant with standards.

Pentagon Comptroller Michael McCord downplayed the audit failure, claiming progress and rejecting the term “failure” altogether.
“Despite the disclaimer of opinion, which was expected, the Department has turned a corner in its understanding of the depth and breadth of its challenges,” said Michael McCord, Under Secretary of Defense (Comptroller) and Chief Financial Officer.
“Momentum is on our side, and throughout the Department there is strong commitment—and belief in our ability—to achieve an unmodified audit opinion,” he added.
Comptroller Michael McCord emphasized the department’s commitment to achieving a clean audit within the next four years, The Hill reported.
“I do not say we failed, as I said, we have about half clean opinions. We have half that are not clean opinions,” he said at a press briefing Friday.

https://thehill.com/policy/defense/4992913-pentagon-fails-7th-audit-in-a-row-but-says-progress-made/

 

[Vambram]

 

[essentialsaltes]

Surely the budget hawks will start trimming where the waste, inefficiency and incompetency lie. Especially when we're talking about a department that's responsible for almost a trillion dollars in annual taxpayer funds.

 

[Vambram]

Surely the budget hawks will start trimming where the waste, inefficiency and incompetency lie. Especially when we're talking about a department that's responsible for almost a trillion dollars in annual taxpayer funds.

I hope that does happen.

 

[Pommer]

Ike tried to warn us.

 

[Zaha Torte]

Department of Defense Completes Seventh Consecutive Department-Wide Financial Statement Au

The Defense Department released the results of its seventh annual departmentwide financial statement audit, which again resulted in a disclaimer of opinion.

www.defense.gov

Pentagon Fails Seventh Straight Financial Audit: Billions of Taxpayer Money Unaccounted For in Latest Government Scandal | The Gateway Pundit | by Jim Hᴏft

The U.S.

www.thegatewaypundit.com

The U.S. Department of Defense (DoD) has failed its seventh consecutive financial audit.

Despite commanding an $824 billion 2024 budget — funded entirely by hardworking American taxpayers — the Pentagon remains unable to account for vast sums of money.
The Pentagon began its first-ever agency-wide financial audit in 2017. This marked the beginning of a process that had been sought, promised, and delayed for years.

Since undertaking this initial audit, the Pentagon has consistently failed to pass its subsequent audits, the first of which failed in 2018. Out of the 28 entities audited this year, only 9 received clean opinions, while 15 received disclaimers — meaning they were so disorganized that auditors couldn’t even determine the accuracy of their records. One received a qualified opinion, meaning the financial statements were mostly accurate but contained certain issues or exceptions that were not fully compliant with standards.

Pentagon Comptroller Michael McCord downplayed the audit failure, claiming progress and rejecting the term “failure” altogether.
“Despite the disclaimer of opinion, which was expected, the Department has turned a corner in its understanding of the depth and breadth of its challenges,” said Michael McCord, Under Secretary of Defense (Comptroller) and Chief Financial Officer.
“Momentum is on our side, and throughout the Department there is strong commitment—and belief in our ability—to achieve an unmodified audit opinion,” he added.
Comptroller Michael McCord emphasized the department’s commitment to achieving a clean audit within the next four years, The Hill reported.
“I do not say we failed, as I said, we have about half clean opinions. We have half that are not clean opinions,” he said at a press briefing Friday.

https://thehill.com/policy/defense/4992913-pentagon-fails-7th-audit-in-a-row-but-says-progress-made/

Is this what DOGE is going to tackle?

 

[Vambram]

Is this what DOGE is going to tackle?

I hope that is one of the problems that DOGE is going to tackle.

 

[Zaha Torte]

I hope that is one of the problems that DOGE is going to tackle.

Nice. Real nice. Nice.

 

[Pommer]

Is this what DOGE is going to tackle?

One would imagine shuttering the Department of Education is going to take some time.

 

[ozso]

Elon will fix it.

 

[Nithavela]

It's probably being used for torture blacksites, destabilising foreign governments or something like that. I don't know what y'all are upset about.

 

[essentialsaltes]

Is this what DOGE is going to tackle?

It's not clear what DOGE is or will do, but certainly it makes more sense to look at a trillion dollar Defense budget than the $120 billion Veteran's Healthcare funding budget that Vivek has been implicitly talking about eliminating.

 

[KathrynAragon]

It's not clear what DOGE is or will do, but certainly it makes more sense to look at a trillion dollar Defense budget than the $120 billion Veteran's Healthcare funding budget that Vivek has been implicitly talking about eliminating.

And I just sent over $6000 in to the IRS.

 

[durangodawood]

I anticipate 4 years of increasing the Pentagon budget and no additional accountability.

 

[Zaha Torte]

One would imagine shuttering the Department of Education is going to take some time.

I mean - if they are as efficient as they protest to be - I'm sure they can multitask.

 

[Zaha Torte]

It's not clear what DOGE is or will do, but certainly it makes more sense to look at a trillion dollar Defense budget than the $120 billion Veteran's Healthcare funding budget that Vivek has been implicitly talking about eliminating.

Can't he do both?

 

[rambot]

Can't he do both?

You're in favour of less support for veterans?

 

[essentialsaltes]

Can't he do both?

He can jaw about as many things as he likes.

 

[Zaha Torte]

You're in favour of less support for veterans?

No - but I have yet to read anything about the Veteran's Healthcare funding budget - so I do not even know if it has been actually supporting veterans or not - despite the name.

 

[Zaha Torte]

He can jaw about as many things as he likes.

He sure can - so he better deliver.