3 ms·
I'm not seeing that number anywhere in the article, but it does say: >the Army made $2.8 trillion in wrongful adjustments to accounting entries in one quarter
by kevinmgranger 10y ago
I'm not seeing that number anywhere in the article, but it does say:
>the Army made $2.8 trillion in wrongful adjustments to accounting entries in one quarter alone in 2015, and $6.5 trillion for the year
Do you have another source?
- deleted 10y ago[deleted]
- hueving 10y agoThat's misleading because it makes it sound like they were off by a total of 2.8 trillion, but that actually means they made that many adjustments. There is no way they were off that far because that's beyond their entire annual budget.
- maxerickson 10y agoIt would probably be better to focus on the number of adjustments that were made rather than the dollar tally (the number of adjustments will give some sense of the scope of the problem without counting the same dollars over and over again).
- lsiebert 10y agoUnless of course they had money from previous budgets.
- stonemetal 10y agoI believe he is referring to this part of the article: >The spokesman downplayed the significance of the improper changes, which he said net out to $62.4 billion. >At first glance adjustments totaling trillions may seem impossible. The amounts dwarf the Defense Department’s entire budget. Making changes to one account also require making changes to multiple levels of sub-accounts, however. That created a domino effect where, essentially, falsifications kept falling down the line. In many instances this daisy-chain was repeated multiple times for the same accounting item. Basically 62 billion was effected, they claim trillions because of "write amplification" across multiple accounts.
- jayess 10y agoSource document: http://www.dodig.mil/pubs/documents/DODIG-2016-113.pdf http://www.dodig.mil/pubs/documents/DODIG-2016-113.pdf