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.
Results of the inspection – conducted by some 1,200 auditors and
examining financial accounting on a wide range of spending including on
weapons systems, military personnel and property – were expected to be
completed later in the day.
“We failed the audit, but we never expected to pass it,” Deputy
Secretary of Defense Patrick Shanahan told reporters, adding that the
findings showed the need for greater discipline in financial matters
within the Pentagon.
“It was an audit on a $2.7 trillion dollar organization, so the fact that we did the audit is substantial,” Shanahan added.
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