Senators introducing bill to penalize Pentagon for failed audits
The Defense Department in December 2017 launched a major effort to meticulously comb its books — the first comprehensive audit of the agency in its history — but failed that audit, as well as the next two that were held. All three efforts received a “disclaimer of opinion,” as the accounting records needed to complete the assessment were not available. Congress since 1990 has mandated federal agencies to comply with annual audits by the Government Accountability Office. All have been able to satisfy such requirements since fiscal 2013. But the Pentagon, which makes up for more...
Source: thehill.com