: :inin Kyiv (EET)

Pentagon Fails Its Sixth Audit

The Pentagon has failed its audit, again. For the sixth time in a row. The agency that accounts for half of the federal discretionary budget does not know what it did with the money.
For a brief recap, the Pentagon has never passed an audit. Until 2018, it had never even completed an audit. Since then, the Pentagon has completed an audit every year (and given itself a participation prize each time, this year with a press release titled “DOD Makes Incremental Progress Towards Clean Audit”). It has failed every time.
No other federal agency could get away with this. There would be congressional hearings. There would be demands to remove agency leaders, or to defund those agencies. Every other major federal agency has passed an audit, proving that it knows where taxpayer dollars it is entrusted with are going (the last agency to pass an audit previously was the Department of Homeland Security, which passed its first audit in 2013).
Congress is poised to give a budget upward of $840 billion to the agency despite its failures:
Since the Pentagon’s first failed audit in 2018, Congress has approved and the president has signed into law $3.9 trillion in Pentagon spending* – knowing that …read more

Source:: Institute for Policy Studies

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