US Politics in Trump era Public date: 14.11.2019 12:15:01

Publisher: The Nation

Author:

29 Nov 2018

The Pentagon’s Massive Accounting Fraud Exposed

On November 15, Ernst & Young and other private firms that were hired to audit the Pentagon announced that they could not complete the job. Congress had ordered an independent audit of the Department of Defense, the government’s largest discretionary cost center—the Pentagon receives 54 cents out of every dollar in federal appropriations—after the Pentagon failed for decades to audit itself. The firms concluded, however, that the DoD’s financial records were riddled with so many bookkeeping deficiencies, irregularities, and errors that a reliable audit was simply impossible.
On November 15, Ernst & Young and other private firms that were hired to audit the Pentagon announced that they...

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