The Defense Department failed to pass its annual audit once again. Auditors found 26 material weaknesses and “two significant deficiencies related to the DoD’s internal controls over financial reporting.” The review covered the department’s $4.7 trillion in assets and another $4.7 trillion in lia...
The Defense Department failed to pass its annual audit once again. Auditors found 26 material weaknesses and “two significant deficiencies related to the DoD’s internal controls over financial reporting.” The review covered the department’s $4.7 trillion in assets and another $4.7 trillion in liabilities. The Pentagon has failed every audit since launching its first agency-wide review in 2018. Congress has set a goal for the DoD to achieve a clean audit by fiscal 2028.
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