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Waste and Abuse: Pentagon Fails 7th Consecutive Audit

&NewLine;<p>The Pentagon has failed its seventh annual audit in a row&comma; failing to fully account for its &dollar;824 billion budget for the past year&period; But as per <em>American Military News<&sol;em>&comma; the Pentagon has claimed that it has made progress and is moving toward finally passing the audit in the next few years&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The Department of Defense &lpar;DOD&rpar; posted an official statement about its seventh audit on November 15 on its website&period; Without using the word &OpenCurlyDoubleQuote;failing&comma;” the DOD titled its statement &OpenCurlyDoubleQuote;Department of Defense Completes Seventh Consecutive Department-Wide Financial Statement Audit” and declared that of the 28 reporting entities undergoing standalone financial statement audits&comma; 15 received disclaimers of opinion&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>In auditing lingo&comma; as explained by the financial education site WallStreetMojo&comma; a disclaimer of opinion means that auditors could not confidently verify the truth of a company’s financial statements&period; The site adds&colon;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><em>&OpenCurlyDoubleQuote;For a company&comma; disclaimers can prove catastrophic&period; An audit disclaimer of opinion harms a company&&num;8217&semi;s reputation and goodwill&period;”<&sol;em><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Of the 28 audited entities&comma; only 9 received unmodified audit opinions&comma; which indicate a clean audit&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>But despite half of the audited entities receiving such a disclaimer&comma; the DOD statement on its latest audit patted the department on its back and claimed that it has &OpenCurlyDoubleQuote;turned a corner&period;”<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The non-profit NationofChange published an article by Alexis Sterling on November 19 to draw attention to the need for immediate action to reform the Pentagon&period; The article wrote&colon;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><em>Reforming the Pentagon requires immediate action to impose accountability and ensure taxpayer funds are used effectively&period; Proposals to penalize failed audits&comma; increase oversight of contractors&comma; and enforce stricter financial controls must be prioritized by lawmakers&period;<&sol;em><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Sterling also commented that despite failing every independent audit since 2018&comma; the Pentagon has been funded by the Congress with trillions of dollars&comma; which raises questions about lawmakers’ commitment to accountability&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>On his show&comma; satirist and political commentator Jimmy Dore mocked the audit failure by the DOD and showed a video clip of Biden’s Deputy Defense Secretary Kathleen Hicks denying that failing an audit implies waste&comma; fraud&comma; and abuse in the department&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><a href&equals;"https&colon;&sol;&sol;www&period;bitchute&period;com&sol;video&sol;gJQa5HB567c">https&colon;&sol;&sol;www&period;bitchute&period;com&sol;video&sol;gJQa5HB567c<&sol;a><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Conservative Senator Tommy Tuberville of Alabama disagreed with this denial of Hicks and called it a total waste as he commented on the audit on Laura Ingraham’s show on Fox News&period; Tuberville said the incoming Trump administration needs to &OpenCurlyDoubleQuote;stink bomb” the Pentagon to cleanse it of the bureaucrats and useless employees including the many four-star generals&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<figure class&equals;"wp-block-embed is-type-wp-embed is-provider-rumble-com wp-block-embed-rumble-com"><div class&equals;"wp-block-embed&lowbar;&lowbar;wrapper">&NewLine;<iframe class&equals;"wp-embedded-content" sandbox&equals;"allow-scripts" security&equals;"restricted" title&equals;"Senator Tuberville joins &quot&semi;The Ingraham Angle&quot&semi; to Discuss Pentagon&amp&semi;apos&semi;s Failed Audit" src&equals;"https&colon;&sol;&sol;rumble&period;com&sol;embed&sol;v5oink5&sol;&num;&quest;secret&equals;MV16Rp0k9x" data-secret&equals;"MV16Rp0k9x" width&equals;"960" height&equals;"540" frameborder&equals;"0"><&sol;iframe>&NewLine;<&sol;div><&sol;figure>&NewLine;&NewLine;&NewLine;&NewLine;<p><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><&sol;p>&NewLine;

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