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🇺🇸❔💸 — 🇺🇸 The Epoch Times | Pentagon Fails 7th Audit in Row, Aims for Clean Audit in 2028 | Auditors recommended enhanced monitoring, timely variance resolution, and standardized processes to ensure compliance with accounting standards | November 16, 2024:
"For the seventh year in a row, the Department of Defense (DOD) has failed its annual financial statement audit, a massive undertaking meant to ensure accountability for its $3.8 trillion in assets and $4 trillion in liabilities.
Despite the setback, Pentagon officials highlighted incremental progress and reaffirmed their commitment to securing a clean audit opinion by 2028.
The latest results, released on Nov. 15, confirmed that the DOD once again received a disclaimer of opinion, meaning auditors could not provide assurance over the completeness and accuracy of the Pentagon’s financial records."
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