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"In November 2022, DOD failed its fifth consecutive audit, unable to account for sixty-one percent of its $3.5 trillion in assets."
by gorwell 3y ago
"In November 2022, DOD failed its fifth consecutive audit, unable to account for sixty-one percent of its $3.5 trillion in assets."
- nobodyandproud 3y ago“The sheer size and scope of the department — which makes up for more than half of the U.S. discretionary spending and has assets that range from personnel and supplies to bases and weapons — makes it difficult to audit. “ “The agency had never expected to pass, however, due to accounting issues officials said could take years to fix. Because accounting records needed to complete the assessment were not available, all five audits received a “disclaimer of opinion,” though there have been improvements each time. ” https://thehill.com/policy/defense/3740921-defense-department-fails-another-audit-but-makes-progress/ https://thehill.com/policy/defense/3740921-defense-departmen... The objection you’ve raised, if anything, highlights the need for a neutral outside party to annually audit and create thorough paper trails for very large organizations. Do you want to pursue this line of argument further?