Reply to 50% DOD increase but they cannot pass a financial audit

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[quote=Anonymous][quote=Anonymous]What does it mean for them to not pass an audit? Does it mean contract awards didn't follow the correct rules? That funds are unaccounted for and missing? Or something else?

Can you explain to me why it's bad beyond what I could speculate without any actual understanding of it?[/quote]

https://www.taxpayer.net/budget-appropriations-tax/why-cant-the-pentagon-pass-an-audit/

"About 58 percent of the material the Pentagon possesses ($36.9 billion worth) are items it does not need.

Over the past three years, the Navy lost track of $3 billion in equipment and other items.

At one distribution center for the Navy, there was a backlog of over 122,000 items that had not been properly processed, leading the Navy to purchase items it didn’t need.

The $600 billion Pentagon inventory of weapons systems and other items failed to include nearly $6 billion in Army communications defense equipment, $7.6 billion in Navy aircraft engines and about $7 billion in Air Force electronic pods that attach to warplanes.

The GAO testimony follows a March report by the office of the Defense Department’s Inspector General that concluded that the Pentagon’s books were in such disarray that they couldn’t be audited. In fact, the Pentagon’s books are in such poor shape that the military’s money managers last year made almost $7 trillion in adjustments to their financial ledgers in an attempt in make them add up.

The Inspector General also concluded the Pentagon could not show receipts for $2.3 trillion of those changes and half a trillion dollars of the adjustments were corrections of earlier mistakes."[/quote]

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