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.



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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…

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(The Center Square) – The U.S. Department of Defense’s annual audit once again resulted in a disclaimer. That means the federal government’s largest agency – with a budget of more than $840 billion – can’t fully explain its spending. The disclaimer this year was expected. And it’s expected again next year. The Pentagon previously said it will be able to accurately account for its spending by 2027. “Despite the disclaimer of opinion, which was ex…

Washington Examiner

Philip Anschutz

Pentagon still can’t pass audit despite years of trying - Washington Examiner

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

The Department of Defense failed its seventh consecutive annual audit on Friday, revealing that it cannot fully account for its over $824 billion budget.The nation's largest government agency has been required to run yearly audits since the 1990s but only began doing so in 2018. The Pentagon has fai...

The Blaze

Blaze Media

Pentagon fails audit again while officials boast of 'progress'

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

Lawmakers from both parties have declined to consider Sanders’s bill imposing a fine on the agency for failing an audit.

Common Dreams

Independent Media

Pentagon’s Budget Is Nearly $1 Trillion. It’s Now Failed 7 Audits in a Row.

The Pentagon has failed its annual financial audit for the seventh year in a row. This means the Department of Defense (DOD) has failed every single audit it has been subjected to, but officials hope to have things under control by the time audit No. 11 rolls around. The DOD announced the results on Friday. "Each year teams of independent public accountants audit the department's $4.1 trillion in assets and $4.3 trillion in liabilities," which a…

Reason

Reason Foundation

Pentagon fails 7th audit in a row but hopes to pass by 2028

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Pentagon Fails Seventh Audit, Raises Concerns Over Budget Accountability

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