Defense Department fails seventh consecutive audit
America's Department of Defense just made an error that could be fatal in terms of public trust in the organization.
The Defense Department has officially failed its SEVENTH consecutive financial audit.
It's safe to say that a private citizen or business would not be allowed to continue operations if that kept happening, but the government literally plays by its own rules. Since the audit started being required in 2018, America's Pentagon has literally never successfully passed an audit.
$178 MILLION
That's how much it costs American taxpayers every year to have a team of 1,700 work on this audit, all to hear the same thing every year: the budget doesn't make sense. The Department of Defense has never been off by just a few dollars either. We're talking millions and millions of missing funds.
This whole project consisted of 28 standalone financial audits, and 15 of them ended with a failing grade. That number could rise, as judgement is still pending on three of the smaller audits.
Instead of being held accountable for the missing funds, the department simply received a label of "disclaimer of opinion," which, according to JustTheNews.com, means "it did not provide enough financial information to form an opinion."
"Despite the disclaimer of opinion, which was expected, the Department has turned a corner in its understanding of the depth and breadth of its challenges," said Pentagon Comptroller Michael McCord. "Momentum is on our side, and throughout the Department there is strong commitment—and belief in our ability—to achieve an unmodified audit opinion."
Defense Department suggests they will have clean audit by 2028
For some reason, the Department of Defense isn't being required to fix their accounting errors anytime soon. The Department said that it hopes to receive a clean audit by 2028, but Americans are stuck with a mismatched budget for now.
It always blows my mind that the government runs using a budget and finances that a household in America could NEVER make work. They print money out of thin air, give it to all of their friends, and throw their hands up and ask taxpayers to swallow the cost when the money goes missing.
The government should be held to the same standards that we are held to when paying our taxes. If they can't keep track of where our tax dollars are going, then they should stop receiving them.
"The path forward is clear," McCord said about his Department's desire to have legitimate bookkeeping in place by 2028. "Significant work remains and challenges lie ahead, but our annual audit continues to be a catalyst for Department-wide financial management reform, resulting in greater financial integrity, transparency, and better-supported warfighters."
"This means that the Army, the Navy, the Marine Corps, the Air Force and [the Defense Information Systems Agency] have gotten their house in order on all their funding, or cash, as some people might think of it," McCord said.
"For context, the department has improved from less than 7% to over 82% of its funding being free of material weaknesses since I returned to this job (in June 2021)," he concluded.
Hopefully Donald Trump's administration can be a little more transparent with the American people. It surely will be a breath of fresh air after all we've gone through under Joe Biden's leadership.