By Mike Stone
WASHINGTON (ShahBlogger) – The Pentagon failed an unbiased audit of its accounting programs for the sixth consecutive yr, a Pentagon official mentioned Wednesday.
“Issues are displaying progress, however it’s not sufficient,” Mike McCord, the Protection Division’s chief monetary officer, advised reporters. Secretary of Protection Lloyd Austin thinks “we must be doing higher at this and shifting sooner.”
The Pentagon is striving for a “clear” audit however that’s nonetheless years away, McCord mentioned.
The audit consists of 29 sub-audits of the division’s providers. All should move for the general audit to obtain approval.
To conduct the audit, 1,600 auditors performed 700 website visits and assessed $3.8 trillion in belongings and $4 trillion in liabilities, the Pentagon mentioned.
Seven sub-audits handed this yr, the identical quantity as final yr. No fraud was discovered, McCord mentioned.
Required by legislation, the annual audit assesses the record-keeping processes for the Pentagon’s weapons programs, army personnel and property all over the world.
The annual train has helped the huge paperwork find and tally arms, saving cash and making it simpler to seek out and ship some essential know-how to Ukraine.
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