You have commented 358 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Submit your comments on this article
Government Corruption
Pentagon Fails Fifth Audit in a Row
2023-01-21
[Blaze] Pentagon can't account for $220 billion in gov't property, fails fifth audit

The Pentagon failed its fifth audit in November after the agency could not prove expenditures for 61% of its $3.5 trillion in assets. To perform this year's overall audit of the DOD, which was expected to cost $218 million, the agency aggregated 27 separate audits conducted by approximately 1,600 auditors. According to Military.com, the auditors performed 220 in-person site visits and 750 virtual site visits.

The GAO's study reported that auditors first alerted the DOD in 2001 that the agency failed to keep track of its government-furnished property.
Posted by:Bobby

#6  No wonder the DoD is suddenly very interested in UFO's. All that stuff was alien abducted.
Posted by: Thruter Gloluger6393   2023-01-21 23:09  

#5  According to The Hill last fall, the DoD annual audits have been getting better since President Trump put his foot down on the subject in 2017. The article doesn’t quantify, though, which is a bit frustrating.

Separately, for those like me who didn’t know, GFP stands for government-furnished property.
Posted by: trailing wife   2023-01-21 17:55  

#4  If I failed to turn in my equipment, I was charged a lot of money for it. Why is no one getting charged or put in prison because of this?
Posted by: DarthVader   2023-01-21 17:34  

#3  Don't ask them if they can account for all their personnel either.
Posted by: Procopius2k   2023-01-21 17:02  

#2  I wonder if the audit included the proper application of pronouns, Lloyd?
Posted by: Bobby   2023-01-21 16:25  

#1  Could we just have a LITTLE BIT of responsibility and real accountability (not the fake "I take responsibility" or "they will be held accountable" verbiage that serves mainly as an excuse to do nothing at all)? Please? Pretty please???
Posted by: Tom   2023-01-21 12:28  

00:00