By Mike Stone
WASHINGTON, July 22 (Reuters) - From too many zeros to too few, and even the letter 'O' typed in its place, the new systems at the Pentagon have uncovered a trail of mistakes as the Defense Department pursues its first clean audit.
After years of work, the Pentagon is on track to pass its first-ever financial audit in 2028, the U.S. Army's top financial officer told Reuters, a breakthrough for an agency that manages nearly $1 trillion a year but has never been able to fully account for its spending.
Since 2018, the Pentagon has undergone annual audits ***** sing how it tracks weapons, property and personnel across its global operations. The audit was congressionally mandated in a bill passed in 1990, but department-wide audits began in 2018 after delays and reprieves.
Repeated failures have revealed gaps in the department's financial systems, making it difficult to trace government funds from the time they are allocated until they are spent.
#pentagon #audit #systems #mike
WASHINGTON, July 22 (Reuters) - From too many zeros to too few, and even the letter 'O' typed in its place, the new systems at the Pentagon have uncovered a trail of mistakes as the Defense Department pursues its first clean audit.
After years of work, the Pentagon is on track to pass its first-ever financial audit in 2028, the U.S. Army's top financial officer told Reuters, a breakthrough for an agency that manages nearly $1 trillion a year but has never been able to fully account for its spending.
Since 2018, the Pentagon has undergone annual audits ***** sing how it tracks weapons, property and personnel across its global operations. The audit was congressionally mandated in a bill passed in 1990, but department-wide audits began in 2018 after delays and reprieves.
Repeated failures have revealed gaps in the department's financial systems, making it difficult to trace government funds from the time they are allocated until they are spent.
#pentagon #audit #systems #mike
7 days ago
