Pentagon fails sixth audit in a row
Source: The Hill
Pentagon fails sixth audit in a row
BY ELLEN MITCHELL - 11/16/23 4:39 PM ET
The Pentagon has failed its annual audit for the sixth year in a row, according to the Defense Department’s chief financial officer.
Out of 29 individual sub-audits of the department, only seven passed this year, the same as the year prior, Comptroller Mike McCord told reporters Wednesday.
One other received a “qualified” rating — a step down from passing — while three are ongoing and 18 were given failing grades, with no fraud found, he said.
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Federal law since the early 1990s requires mandatory audits for all government agencies. The Pentagon didn’t begin auditing itself until 2018 and has only had incremental improvement yearly.
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Read more: https://thehill.com/policy/defense/4313887-pentagon-fails-sixth-audit-in-a-row/