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posted by Fnord666 on Monday December 11 2017, @01:39AM   Printer-friendly
from the quis-custodiet-ipsos-custodes dept.

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.


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  • (Score: 4, Informative) by Thexalon on Monday December 11 2017, @04:41PM

    by Thexalon (636) on Monday December 11 2017, @04:41PM (#608317)

    There was an audit about a year ago by the Inspector General's office for the DoD, that revealed $6.5 trillion worth of accounting problems [warisboring.com]. So the idea that this is somehow unprecedented is just plain wrong.

    That there's something very rotten in Pentagon spending, though, doesn't require any kind of accounting audit. One of the first places to look at is the shareholder reports of the major defense contractors, and realize that every single dollar of reported profits is coming out of the federal budget.

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