"Pentagon's Annual Audit Fails for 6th Consecutive Year, Raising Concerns Over Financial Accountability"

1 min read
Source: Fox Business
"Pentagon's Annual Audit Fails for 6th Consecutive Year, Raising Concerns Over Financial Accountability"
Photo: Fox Business
TL;DR Summary

The Pentagon has failed its annual audit for the sixth consecutive year, with auditors finding that half of the department's claimed assets could not be accounted for. The audit, which cost approximately $187 million, examined $4 trillion in assets and liabilities. The Department of Defense defended the ongoing failures as part of an ongoing process to improve financial transparency and accountability. Lawmakers have introduced the "Audit the Pentagon Act" in an effort to incentivize government spending transparency.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

2 min

vs 2 min read

Condensed

80%

38277 words

Want the full story? Read the original article

Read on Fox Business