Title : Will The Pentagon Ever Get Its Financial House In Order?
link : Will The Pentagon Ever Get Its Financial House In Order?
Will The Pentagon Ever Get Its Financial House In Order?
The Pentagon. Wikimedia
Sean Kennedy, Washington Examiner: Pentagon's deep dysfunction exposed by 30 years of financial failure
Imagine the following scenario: The year is 1990, and you have been selected by the IRS to undergo an audit. Unfortunately, you are unable to provide adequate documentation tracking either your income or expenses. No worries, says the IRS, you can try again next year.
Now, repeat this scenario every year through 2019, and you will have matched the financial track record of the Department of Defense.
The department remains the sole federal agency that has not undergone a clean audit under the Chief Financial Officers Act of 1990. On Nov. 15, 2019, the Pentagon released its fiscal year 2019 financial report and again failed its attempt at a clean audit.
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WNU Editor: The Pentagon's priority is to is to develop strategies for future conflicts, fight current conflicts, and procure the necessary equipment and weapons to fight today's and tomorrow's wars. It is obvious that for the Generals accounting is a low priority.
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