[Ed. – This is not a surprise. In 2015, money “unaccounted for” in the Army budget alone was 10 times the entire Defense budget. Accounting practices have apparently been woeful for years. The good news is that the Trump administration went ahead and got this done, at least giving us a baseline to start getting healthy. We probably need to brace ourselves for where some of that money has gone in the past. Remember, at the procurement and accounting level, the guilty are the civilian suits, many of whom are political appointees. This isn’t about generals and admirals, much less about more junior uniformed personnel or mid-level DOD civilians.]
The Pentagon has failed what is being called its first-ever comprehensive audit, a senior official said on Thursday, finding U.S. Defense Department accounting discrepancies that could take years to resolve.
Results of the inspection – conducted by some 1,200 auditors and examining financial accounting on a wide range of spending including on weapons systems, military personnel and property – were expected to be completed later in the day.
“We failed the audit, but we never expected to pass it,” Deputy Secretary of Defense Patrick Shanahan told reporters, adding that the findings showed the need for greater discipline in financial matters within the Pentagon.