From The Hill:
Defense Department fails another audit, but makes progress
The Defense Department has failed its fifth-ever audit, unable to account for more than half of its assets, but the effort is being viewed as a “teachable moment,” according to its chief financial officer.
After 1,600 auditors combed through DOD’s $3.5 trillion in assets and $3.7 trillion in liabilities, officials found that the department couldn’t account for about 61 percent of its assets, Pentagon Comptroller Mike McCord told reporters on Tuesday.
McCord said the department has made progress toward a “clean” audit in the past year, but later added “we failed to get an ‘A.’”
“I would not say that we flunked. The process is important for us to do, and it is making us get better. It is not making us get better as fast as we want,” he said.
This year’s outcome was not unexpected.
Is it just me or does this not send a shiver down your spine. We are letting all kinds of people into our Nation. Sleeper cells included. If our own military can not keep track of those things that go BOOM, who is to say that some of the devices do not wind up in the hands of people who wish us harm.
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