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.
The recent failure of the Pentagon's 6TH audit couldn't make it clearer that we need accountability & transparency. It's time to independently #AuditthePentagon. No institution is above scrutiny, especially the DoD w/ the largest budget of ANY fed agency. https://t.co/ATqPB3ZYlS
— Rand Paul (@RandPaul) November 16, 2023
The Pentagon has failed its sixth straight audit.
$3.8 trillion vanished into thin air.
Any other organization would face consequences.
— Rep Andy Biggs (@RepAndyBiggsAZ) November 16, 2023
Since 2018, Pentagon audits have been federally required. Today, for the 6th straight year, the Pentagon has failed its audit, unable to explain, unable to produce docs, as to where $3.8 Trillion in assets went.
2022’s audit cost $218 Million to conduct. This years audit cost… pic.twitter.com/QsKwZ1DRWw
— 🇺🇸ProudArmyBrat (@leslibless) November 16, 2023
In light of the current events, this news is quite alarming.