Is basic accounting a national security issue? “For the sixth year in a row, the Pentagon has failed its annual audit,” Defense News reports. “The result is not a surprise. The Department of Defense’s assets are vast and decentralized, amounting to $3.8 trillion alongside $4 trillion in liabilities. These are located in all 50 states and more than 4,500 sites around the world,” the news site notes.
Issues Everywhere: “A full half of the Defense Department’s assets still don’t meet auditing standards. The Pentagon resolved around 500 Notifications of Findings and Recommendations, or specific problems found in last year’s audit, Pentagon Comptroller Mike McCord said. At the same time, he said, there were 2,500 more NFRs identified this year, a total that includes new and recurring issues. ‘It’s not enough,’ McCord said. ‘The secretary [of Defense] feels that we need to be doing better at this and moving faster.’”
Related: Power of the purse: House GOP assaults woke Pentagon programs …
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