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Pentagon fails 7th audit in a row but says progress made


Pentagon fails 7th audit in a row but says progress made

https://thehill.com/policy/defense/4992913-pentagon-fails-7th-audit-in-a-row-but-says-progress-made/

The Pentagon on Friday failed its seventh audit in a row, with the nation's largest government agency still unable to fully account for its more than $824 billion budget, though officials stress they are making good progress toward a clean audit in 2028.

The Department of Defense technically earned a disclaimer of opinion, meaning it failed to provide sufficient information to auditors to form an accurate opinion.

The goal is to earn an unmodified audit opinion, or a clean audit that says the financial statements are accurate. A qualified opinion says there are omissions and concerns but the finances are generally reliable.

(snip)

The Pentagon has never passed an audit since the agency became legally obligated to carry them out in 2018. A major challenge in auditing remains a full accounting of the sheer number of systems the Defense Department employs.

(snip)

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