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pineapplemike
- Posts: 4650
- Joined: Wed Nov 30, 2016 5:34 pm
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by pineapplemike » Thu Nov 15, 2018 2:34 pm
pay up!
Pentagon fails its first-ever audit, official says
https://www.yahoo.com/news/pentagon-fai ... iness.html
WASHINGTON (Reuters) - The Pentagon has failed what is being called its first-ever comprehensive audit, a senior official said on Thursday, finding U.S. Defense Department accounting discrepancies that could take years to resolve.
Results of the inspection - conducted by some 1,200 auditors and examining financial accounting on a wide range of spending including on weapons systems, military personnel and property - were expected to be completed later in the day.
"We failed the audit, but we never expected to pass it," Deputy Secretary of Defense Patrick Shanahan told reporters, adding that the findings showed the need for greater discipline in financial matters within the Pentagon.
"It was an audit on a $2.7 trillion dollar organization, so the fact that we did the audit is substantial," Shanahan added.
The U.S. defense budget for the 2018 fiscal year that ended on Sept. 30 was about $700 billion. The Pentagon is a huge agency with multiple branches of the military, costly weapons systems, large personnel needs, numerous military bases of various sizes at home and abroad and troops deployed in far-flung locales.
Shanahan said areas the Pentagon must improve upon based on the audit results include compliance with cybersecurity policies and improving inventory accuracy. In a briefing with reporters,
he did not provide a figure detailing how much money was unaccounted for in the audit.
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Kath
- Posts: 1825
- Joined: Mon Feb 27, 2017 7:14 am
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by Kath » Thu Nov 15, 2018 2:38 pm
pineapplemike wrote: ↑Thu Nov 15, 2018 2:34 pm
In a briefing with reporters, he did not provide a figure detailing how much money was unaccounted for in the audit.
It must be a very, very, very large number. They aren't even embarrassed. "We expected to fail."
All hail the MIC.
Why are all the Gods such vicious cunts? Where's the God of tits and wine?
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Ph64
- Posts: 2434
- Joined: Wed Feb 08, 2017 10:34 pm
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by Ph64 » Thu Nov 15, 2018 4:14 pm
I mean, tbh, I would even be happy if they said "$42billion was allocated highly classified to 'black' projects". But to just be an unaccountable black box... Nope, not good enough.
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Martin Hash
- Posts: 18721
- Joined: Wed Jan 20, 2010 2:02 pm
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by Martin Hash » Thu Nov 15, 2018 4:55 pm
No taxpayers are paying for any of this so who cares except from a “don’t like to be conned” pov.
p.s. A $21 trillion debt means nobody’s ever paying for it.
Shamedia, Shamdemic, Shamucation, Shamlection, Shamconomy & Shamate Change
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clubgop
- Posts: 7978
- Joined: Wed Nov 30, 2016 5:47 pm
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by clubgop » Thu Nov 15, 2018 7:43 pm
pineapplemike wrote: ↑Thu Nov 15, 2018 2:34 pm
pay up!
Pentagon fails its first-ever audit, official says
https://www.yahoo.com/news/pentagon-fai ... iness.html
WASHINGTON (Reuters) - The Pentagon has failed what is being called its first-ever comprehensive audit, a senior official said on Thursday, finding U.S. Defense Department accounting discrepancies that could take years to resolve.
Results of the inspection - conducted by some 1,200 auditors and examining financial accounting on a wide range of spending including on weapons systems, military personnel and property - were expected to be completed later in the day.
"We failed the audit, but we never expected to pass it," Deputy Secretary of Defense Patrick Shanahan told reporters, adding that the findings showed the need for greater discipline in financial matters within the Pentagon.
"It was an audit on a $2.7 trillion dollar organization, so the fact that we did the audit is substantial," Shanahan added.
The U.S. defense budget for the 2018 fiscal year that ended on Sept. 30 was about $700 billion. The Pentagon is a huge agency with multiple branches of the military, costly weapons systems, large personnel needs, numerous military bases of various sizes at home and abroad and troops deployed in far-flung locales.
Shanahan said areas the Pentagon must improve upon based on the audit results include compliance with cybersecurity policies and improving inventory accuracy. In a briefing with reporters,
he did not provide a figure detailing how much money was unaccounted for in the audit.
I would dispute Mag having to pay the bet.
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Speaker to Animals
- Posts: 38685
- Joined: Wed Nov 30, 2016 5:59 pm
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by Speaker to Animals » Fri Nov 16, 2018 9:38 am
I dispute that they could have audited this beast so quickly. Do you people have any idea how large and complex the DoD really is?
There is no fucking way they spent enough resources to audit the DoD in under a year.
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Kath
- Posts: 1825
- Joined: Mon Feb 27, 2017 7:14 am
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by Kath » Fri Nov 16, 2018 9:49 am
Speaker to Animals wrote: ↑Fri Nov 16, 2018 9:38 am
I dispute that they could have audited this beast so quickly. Do you people have any idea how large and complex the DoD really is?
There is no fucking way they spent enough resources to audit the DoD in under a year.
Yes, the MIC is out of control, but the audit was done on Republican watch, so I'm sure it was a completely open & above board process.
Why are all the Gods such vicious cunts? Where's the God of tits and wine?
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SuburbanFarmer
- Posts: 25278
- Joined: Wed Nov 30, 2016 6:50 am
- Location: Ohio
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by SuburbanFarmer » Fri Nov 16, 2018 10:56 pm
‘Yeah we did the audit thing and it was bad. Fuck off. ‘
Lol proles.
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clubgop
- Posts: 7978
- Joined: Wed Nov 30, 2016 5:47 pm
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by clubgop » Sat Nov 17, 2018 4:35 pm
SuburbanFarmer wrote: ↑Fri Nov 16, 2018 10:56 pm
‘Yeah we did the audit thing and it was bad. Fuck off. ‘
Lol proles.
Now do the DoE and CPB.
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heydaralon
- Posts: 7571
- Joined: Thu Mar 16, 2017 7:54 pm
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by heydaralon » Sat Nov 17, 2018 5:15 pm
How off the mark do you guys think the Federal Reserve audits are? I have no idea. I suspect I don't want to know.
Shikata ga nai