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Pentagon Fails Sixth Straight Audit, Trillions of Dollars ‘Missing’

Despite promises from Pentagon leaders to make improvements each year, the Department of Defense (DOD) has failed its sixth consecutive audit with minimal progress from the year before.

According to a Wednesday statement, seven of the 29 sub-agencies received a clean audit in 2023 – no change from 2022.

This is unsurprising considering the complexity of managing $3.8 trillion in assets and $4 trillion in liabilities across 50 states and 4,500 sites worldwide.

Pentagon Comptroller Michael McCord said: “Auditing the Department’s $3.8 trillion in assets and $4.0 trillion in liabilities is a massive undertaking, but the improvements and changes we are making every day as a result of these audits positively affect every soldier, sailor, airman, marine, guardian and DOD civilian.”

The DOD began formally auditing itself in 2018 after Congress mandated it in 1990 – one of the last federal agencies to do so.

This seems like kind of a big deal.

In light of the current events, this news is quite alarming.

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Joe Messina

Joe Messina

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