Pentagon fails its first-ever audit, official says | Reuters
'WASHINGTON (Reuters) - The Pentagon has failed what is being called its first-ever comprehensive audit, a senior official said on Thursday, finding U.S. Defense Department accounting discrepancies that could take years to resolve. '
'Shanahan said areas the Pentagon must improve upon based on the audit results include compliance with cybersecurity policies and improving inventory accuracy. '
'The point of the audit is to drive better discipline in our compliance with our management systems and procedures,” Shanahan added. '
'A 1990 federal law mandated that U.S. government agencies be audited, but the Pentagon had not faced a comprehensive audit until this one was launched in December. '
'In a briefing with reporters, he did not provide a figure detailing how much money was unaccounted for in the audit. '
[–] 15076276? 0 points 1 point 1 point (+1|-0) ago
I was put in charge of my Battalion's $6 million budget back in 2001. I went though it line by line and sent the lines that pertained to each company or section and told them point blank get back to me with any additions or problems you have with the amounts I entered by a certain date or this will be the end product no exceptions.
In the past, the Warrant Officer before me just told each company/section to tell her what they needed for their next year's budget - who the heck knows that off the top of their head? She ended up saying if you're not sure just add 10% to your last year's total? I was like 10%? The inflation rate is only 3%. That right there ladies and gentlemen is one of the big reasons there is waste in the government plus if you don't spend all your funds by the end of the Fiscal Year you'll lose those funds the next year. Meaning if your budget was say $500,000 but you only spent $400,000 then your next year's budget won't go past $400,000 (adding in a little for inflation).
Anyway back to me running my Battalion's Budget - I ended up cutting the prior year's budget by $600,000 no one expected that to happen. In fact that's really unheard of. Unfortunately, there weren't too many like me who spent the taxpayer's money as if it was their own (not wanting to waste it).
Like I expected very few got back to me. I actually did some research on how much things cost and provided them with realistic costs.
[–] 15071006? ago
I guess it's time to fly another missle into the Pentagram