CNBC: Why the Pentagon failed another audit
The Pentagon has failed another audit this year. But with $770 billion expected to be budgeted for 2022, the Department of Defense says it is working on keeping track of all this money.
“It took the Department of Homeland Security a decade to pass its audit, and it’s a fraction of the size of the Defense Department,” said Mackenzie Eaglen, a senior fellow with the American Enterprise Institute. “There is a bit out there that just because the department can’t pass the audit, it doesn’t know where it’s spending its money. And it does. But what it doesn’t do well is track it at an enterprise level.“
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WNU editor: The Pentagon sees this as a half glass full rather than a half glass empty .... U.S. Pentagon fails fourth audit but sees steady progress (Reuters).
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