
News Link • Government Waste
Pentagon can't account for 63% of nearly $4 trillion in assets
• Responsible StatecraftThe Pentagon failed its sixth audit in a row last month.
And "failed" is putting it generously. The department actually received a "disclaimer of opinion." According to the Government Accountability Office, that means "auditors were unable to obtain sufficient, appropriate evidence to provide a basis for an audit opinion." So the outcome is more like an "incomplete" than an abject failure.