The Pentagon on Friday failed its seventh audit in a row, with the nation’s largest government agency still unable to fully account for its more than $824 billion budget, though officials stress they are making good progress toward a clean audit in 2028.



wikipedia

The Hill

Washington

District of Columbia

United States

Pentagon fails 7th audit in a row but says progress made

The Pentagon on Friday failed its seventh audit in a row, with the nation’s largest government agency still unable to fully account for its more than $824 billion budget, though officials stress they are making good progress toward a clean audit in 2028. The Department of Defense technically earned a disclaimer of opinion, meaning it…

Ad Fontes Media

All Sides

Media Bias/Fact Check

Nexstar Media Group

For the seventh year in a row, the Department of Defense (DOD) has failed its annual financial statement audit, a massive undertaking meant to ensure accountability for its $3.8 trillion in assets and $4 trillion in liabilities.
Despite the setback, Pentagon officials highlighted incremental progress and reaffirmed their commitment to securing a clean audit opinion by 2028.
The latest results, released on Nov. 15, confirmed that the DOD, once ag…

The Epoch Times

Epoch Media Group

New York

Pentagon Fails 7th Audit in Row, Aims for Clean Audit in 2028

The US Defense Department failed for the seventh straight year to score a clean financial audit, highlighting the challenge of tracking the finances of a sprawling organization that has some $3.8 trillion in assets and $4 trillion in liabilities.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

Pentagon’s Audit Woes Seen Lessening Despite Seventh Shortfall

An aerial view of the Pentagon, Washington, D.C., May 15, 2023. (DoD photo by U.S. Air Force Staff Sgt. John Wright) 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 ma…

The Gateway Pundit

Jim Hoft

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

Twitchy

Salem Media Group

Let's Check the Latest Pentagon Audit to See How the 'Totally Qualified' Current Leadership Has Performed

A breakdown of the audit found that 15 of the 28 standalone financial audits received a failing grade, while nine of them passed. One received an "acceptable" or "qualified" opinion, while the other three remain pending.

Just the News

Defense Department fails seventh consecutive audit but says on path to pass by 2028

The Pentagon once again was unable to provide auditors with all the needed financial documentation to account for the massive amounts of money that flows through its coffers, failing for the seventh consecutive year to account for all its spending to satisfy an annual audit.

Stars and Stripes

United States Department of Defense

Auditors find Pentagon’s books lack needed financial data to account for spending for 7th consecutive year

This year’s financial review, carried out by the DoD’s Office of the Inspector General and an independent accounting firm, employed 1,700 auditors and cost $187 million – slightly more than the entire defense budget of the West African nation of Mauritania. The US spent a record $824 billion on defense in 2024, $27 billion more than a year earlier.

Sputnik Globe [🇷🇺-affiliated]

Government of Russia

Pentagon Spends $187 Mln on Audit, Fails Seventh Year in a Row

The Pentagon failed its seventh consecutive audit on Friday as the agency was unable to fully account for its massive $824 billion budget, though officials were confident the Department of Defense “has turned a corner” in understanding its budgetary challenges going forward. The audits resulted in a disclaimer of opinion, which means auditors were provided with insufficient information to form an accurate opinion of the accounts. Of the Departme…

DNyuz

Pentagon fails 7th audit in a row, unable to fully account for $824B budget

The Pentagon’s latest financial audit is in, and it’s a complete disaster. Again. For the seventh year running, the Department of Defense (DoD) failed to account for its budget, this time admitting it cannot explain what happened to $824 billion. The DoD’s fiscal 2024 audit was released late Friday night, where auditors examined $4.1 trillion in assets and $4.3 trillion in liabilities, but their findings make it clear: the books are a mess. Nine…

Pentagon fails 7th audit in a row but says progress made

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics