“The US Army made trillions of dollars of accounting mistakes and often did not have the receipts or invoices needed to support figures in its budget, according to a scathing Pentagon report. The audit, conducted by the Defense Department's Office of Inspector General, found that the Army erroneously made $2.8 trillion in adjustments in the third quarter of 2015 to its Army general fund - one of the main accounts used to fund the service. The error amount skyrocketed to $6.5 trillion for all of last year, the report said.” - http://www.cnn.com/2016/08/23/politics/us-army-audit-accounting-errors/
“A Department of Defense Inspector General’s report released last week aimed to determine whether the changes in the Army General Fund data to financial statements in fiscal year 2015 were “adequately documented and supported.” The report revealed the Defense Finance and Accounting Service could not provide adequate documentation for how it spent $6.5 trillion.” - http://nation.foxnews.com/2016/08/18/trillions-go-missing-military-pentagon-cant-account-65t-taxpayer-cash
“The report affirms a 2013 Reuters series revealing how the Defense Department falsified accounting on a large scale as it scrambled to close its books. As a result, there has been no way to know how the Defense Department – far and away the biggest chunk of Congress’ annual budget – spends the public’s money.” - https://www.reuters.com/article/us-usa-audit-army-idUSKCN10U1IG
“Disclosure of the Army’s manipulation of numbers is the latest example of the severe accounting problems plaguing the Defense Department for decades.” - https://www.reuters.com/article/us-usa-audit-army-idUSKCN10U1IG
“Congress set a September 30, 2017 deadline for the department to be prepared to undergo an audit. The Army accounting problems raise doubts about whether it can meet the deadline – a black mark for Defense, as every other federal agency undergoes an audit annually.” - https://www.reuters.com/article/us-usa-audit-army-idUSKCN10U1IG
“On Sept. 10, Secretary of Defense Donald Rumsfeld declared war. Not on foreign terrorists, "the adversary's closer to home. It's the Pentagon bureaucracy," he said. He said money wasted by the military poses a serious threat. "In fact, it could be said it's a matter of life and death," he said. "According to some estimates we cannot track $2.3 trillion in transactions," Rumsfeld admitted.$2.3 trillion — that's $8,000 for every man, woman and child in America. ” - http://www.cbsnews.com/news/the-war-on-waste/
Stay well,
- Citizen
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