GAO: Army did not properly account for 95% of ammunition at contractor-owned, contractor-operator sites

GAO: Army did not properly account for 95% of ammunition at contractor-owned, contractor-operator sites

The Army did not properly account for the vast majority of ammunition at its contractor-owned, contractor-operated (COCO) sites as of July 2024, according to a new government watchdog report. The Government Accountability Office conducted an audit on Army ammunition in fiscal year 2024, finding that the service “did not accurately account for ammunition inventory information in its financial accounting records,” according to a report GAO release…