Watch Scott Jennings Obliterate a Reporter Over Her 'Both Sides' Nonsense on Political...
The Democrats Are the Party of Antisemitic Terrorism
Trump's New Nickname for Joe Biden Is Spectacular
If Democrats Had the Truth on Their Side They Wouldn’t Have to Lie...
They Tried to Silence a Chinese Dissident in America — It Backfired Badly
Hey You, Get Off My Crowd
Hey You, Get Off of My Crowd
Republicans Could Make History on Gun Rights
Trump Cracks Down on Arizona’s Illegal Immigrant Tuition Scheme
Fetterman Breaks with Democrats on Israel, Border, Trump Policies Amid Party Backlash
So, This Is Why ICE Agents Wear Masks
Massive ICE Crackdown: Over 1,400 Illegal Aliens Arrested in Month-Long Trump-Era Sweep
It Took This Long for Jon Ossoff -- a Top Target for NRSC...
FEC Slaps Maxine Waters with $68,000 Fine for Illegal Campaign Contributions, Financial Vi...
CA Democrat Councilman Sparks Outrage, Labels ICE Agents 'Terrorists' Amid Rising Assaults...
Tipsheet
Premium

Pentagon Fails to Answer Where $824 Billion Went

AP Photo/Kevin Wolf

The Pentagon is under mounting pressure to explain where the $824 billion went after failing its seventh consecutive audit.

The audits resulted in a disclaimer of opinion, which means that auditors needed to be given more information to form an accurate opinion of the accounts. The goal is to earn a qualified opinion or a clean audit, indicating correct financial statements. 

This comes after the Department of Defense claimed it had "turned a corner" to receive a clean audit by 2028– mandated by the 2024 National Defense Authorization Act.

According to the Pentagon, the DoD received 28 reporting entities that contained standalone audits. Nine received an unmodified audit opinion, one had a qualified opinion, 15 received disclaimers, and three are still pending.

“Momentum is on our side, and throughout the Department, there is a strong commitment—and belief in our ability—to achieve an unmodified audit opinion,” Secretary of Defense Comptroller and Chief Financial Officer Michael McCord said. 

The Pentagon has failed to pass every audit since the agency became legally obligated to carry them out in 2018. 

McCord dismissed criticism that says the Pentagon failed its audits. 

“I do not say we failed; as I said, we have about half clean opinions. We have half that are not clean opinions,” McCord said. “So if someone had a report card that is half good and half not good, I don’t know that you call the student or the report card a failure. We have a lot of work to do, but I think we’re making progress.”

“Significant work remains and challenges lie ahead, but our annual audit continues to be a catalyst for Department-wide financial management reform, resulting in greater financial integrity, transparency, and better-supported warfighters," he continued. 

The 2024 audit cost the Defense Department $178 million and involved at least 1,700 auditors.

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement