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From Fox News: The Pentagon failed its seventh consecutive audit on Friday as the agency was unable to fully account for its massive $824 billion budget, though officials were confident the Department of Defense “has turned a corner” in understanding its budgetary challenges going forward.
The audits resulted in a disclaimer of opinion, which means auditors were provided with insufficient information to form an accurate opinion of the accounts.
Of the Department of Defense’s (DoD) 28 reporting entities that had standalone audits, 9 received an unmodified audit opinion, 1 received a qualified opinion, 15 received disclaimers, and 3 opinions remain pending, the Pentagon said.
But with the goal of achieving a clean audit by 2028, Michael McCord, Under Secretary of Defense (Comptroller) and Chief Financial Officer, said the agency “has turned a corner in its understanding of the depth and breadth of its challenges.”
The Defense Department spun the report as “DOD’s 2024 Audit Shows Progress Toward 2028 Goals.”
NEWS: DOD’s 2024 Audit Shows Progress Toward 2028 Goals https://t.co/DtiLDfwPZL
— Department of Defense 🇺🇸 (@DeptofDefense) November 17, 2024
X owner Elon Musk and former GOP presidential candidate Vivek Ramaswamy, who Trump has appointed to lead the new “Department of Government Efficiency” agency, both commented on the report.
“Sounds like a job for @DOGE!” Musk wrote.
Sounds like a job for @DOGE! https://t.co/JPU1b8rUUY
— Elon Musk (@elonmusk) November 16, 2024
“This is embarrassing & will be fixed,” declared Ramaswamy.
This is embarrassing & will be fixed. https://t.co/z8zQsyunA7
— Vivek Ramaswamy (@VivekGRamaswamy) November 16, 2024
More reactions below:
It’s not just embarrassing. It’s dangerous and fraudulent
— Riley Gaines (@Riley_Gaines_) November 17, 2024
Look at all 16 DOD agencies and activities, and ensure you request their classified audits as well. Most have to submit to a quarterly classified audit. If any of the classified audits have been passed in the past 20 years, I’ll be shocked.
— General Mike Flynn (@GenFlynn) November 16, 2024
The IRS is warning Americans that starting 2025 they must report payments on Venmo, PayPal & Zelle of over $600.
Meanwhile…
The Pentagon just failed its SEVENTH audit in a row, as they were unable to account for 60% of their $4.1 trillion in assets. $824 billion annual budget.
— Geiger Capital (@Geiger_Capital) November 16, 2024
Pentagon employees should face the same exact criminal charges that Americans face when they hide or lie about money that is due to the government.
It should be an automatic jail sentence if they fail an audit. https://t.co/gRn3mui2vU— Candace Owens (@RealCandaceO) November 16, 2024
The Pentagon just failed its SEVENTH straight audit. This means the Pentagon has never passed an audit since it became a requirement for them. But don’t worry, they’re “making progress!”
What would happen if you failed an audit? It’s time to hold government to the same standard. pic.twitter.com/t59oojIgFb
— Robby Starbuck (@robbystarbuck) November 16, 2024
The Pentagon has just failed its 7th audit and says it cannot account for what its $824B budget is spent on
THIS IS INTENTIONAL: Congressman Tim Burchett says if anyone were to leak where the money goes when The Pentagon fails their audits, they’d be murdered
“Pentagon that has… pic.twitter.com/JALVCIAyKB
— Wall Street Apes (@WallStreetApes) November 16, 2024
.@60Minutes slammed Pete Hegseth tonight for having “no government experience”
NEWSFLASH: The Pentagon is full of people with decades of “government experience” and they just failed their 7th audit in a row.
The American people re-elected President Trump with a resounding… https://t.co/EFcgIPBzIB
— Karoline Leavitt (@karolineleavitt) November 18, 2024
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