Pentagon Announces First-Ever Audit Of The Department Of Defense
"The Defense Department is starting the first agency-wide financial audit in its history," the Pentagon's news service says, announcing that it's undertaking an immense task that has been sought, promised and delayed for years.
Of the tally that is starting this week, chief Pentagon spokesperson Dana W. White said, "It demonstrates our commitment to fiscal responsibility and maximizing the value of every taxpayer dollar that is entrusted to us."
"Beginning in 2018, our audits will occur annually, with reports issued Nov. 15," the Defense Department's comptroller, David L. Norquist, said.
The Defense Department has famously never been audited, despite receiving hundreds of billions of dollars annually and having more than $2.2 trillion in assets.
(Score: 5, Touché) by bradley13 on Monday December 11 2017, @06:38AM (3 children)
Shameful, really.
The entire government should be required to follow precisely the same rules as every company. If companies manage to file a full set of audited accounts every year, with updates every quarter, the government should do the same. If some rules are just too onerous to be useful, well...guess what, maybe they shouldn't exist. Otherwise, the rules are there to provide transparency: These accounts should be public - it's taxpayer money, after all.
Everyone is somebody else's weirdo.
(Score: 0) by Anonymous Coward on Monday December 11 2017, @12:34PM
In Soviet Russia the dod audits you!
(Score: 0) by Anonymous Coward on Monday December 11 2017, @02:20PM
"The entire government should be required to follow precisely the same rules as every company."
Might want to be careful of what you wish for, as wishes love to twist and distort themselves.
If you got what you wanted, odds are it'd be in the form of most of the rules companies following being revoked.
(Score: 0) by Anonymous Coward on Tuesday December 12 2017, @12:46AM
"required to follow precisely the same rules as every company".
They do.
Or weren't you around for the 2008 bank fraud epidemic that tanked the world economy, with no criminal charges ever brought?