The Pentagon has failed its annual audit for the fifth year in a row, an expected result that nonetheless represents something of a disappointment for an effort that officials hoped would continue steady, if incremental, year over year progress. Of the 27 military agencies audited, seven received a clean audit and one received a qualified opinion — a term used to describe an audit that will be clean after resolving a key issue. That’s “basically the same picture as last year,” Pentagon Comptroller Mike McCord told reporters on Tuesday ahead of the audit’s release.
During the process — which covers more than $3.5 trillion in Defense Department assets — about 1,600 auditors conducted 220 in-person site visits and 750 virtual site visits, reviewing business processes, counting pieces of equipment and pouring over 29,000 documents, according to the Pentagon. The Pentagon has failed every audit since 2018, the first audit of the department ever performed in its history.
— source breakingdefense.com | Nov 16, 2022
[war is a profitable business]