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Audit Reveals The Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone
A new Department of Defense Inspector General’s report, released last week, has left Americans stunned at the jaw-dropping lack of accountability and oversight. The glaring report revealed the Pentagon couldn’t account for $6.5 trillion dollars worth of Army general fund transactions and data, according to a report by the Fiscal Times.
Can anyone say ISIS?
Hummmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
.
Audit Reveals The Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone
And now off to Fort Knox to audit the Public's gold bars.... Maybe try Wyoming first?
I call bullshitAgain, 6+ trillion dollars is MIA.
I call bullshitAgain, 6+ trillion dollars is MIA.
Does anyone know what $6.5 trillion is?
The Army budget is around $150 billion a year. You think they have no idea where over 20 years of budget went?
ridiculous claim
Just because an audit was not done does not mean the money was unaccounted forDoes anyone know what $6.5 trillion is?
The Army budget is around $150 billion a year. You think they have no idea where over 20 years of budget went?
ridiculous claim
Maybe is ridiculous
“For two decades, the U.S. military has been unable to submit to an audit, flouting federal law and concealing waste and fraud totaling billions of dollars.
Linda Woodford spent the last 15 years of her career inserting phony numbers in the U.S. Department of Defense’s accounts."
Just because an audit was not done does not mean the money was unaccounted forDoes anyone know what $6.5 trillion is?
The Army budget is around $150 billion a year. You think they have no idea where over 20 years of budget went?
ridiculous claim
Maybe is ridiculous
“For two decades, the U.S. military has been unable to submit to an audit, flouting federal law and concealing waste and fraud totaling billions of dollars.
Linda Woodford spent the last 15 years of her career inserting phony numbers in the U.S. Department of Defense’s accounts."
The story is ridiculous to claim 20 years of defense budget was lost
Frisk Hillary fast before she has a chanceto hide it!Audit Reveals The Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone
A new Department of Defense Inspector General’s report, released last week, has left Americans stunned at the jaw-dropping lack of accountability and oversight. The glaring report revealed the Pentagon couldn’t account for $6.5 trillion dollars worth of Army general fund transactions and data, according to a report by the Fiscal Times.
Can anyone say ISIS?
Hummmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
.
Frisk Hillary fast before she has a chanceto hide it!
ObjectiveI find the whole story to be ridiculous
Does anyone realize how much money $6.5 Trillion is? That is more than the entire budget of the US
The Army budget is around $150 billion a year, that is the entire Army budget for 40 years
To claim the Army has no idea where their money went for 40 years?
Most of the Army budget goes to salaries. They know exactly who got paid and how much
In Army defense contracts they can tell exactly how much was spent to the nearest dollar
The whole story is an overreaction to the impact of an audit not being conducted
Per reports..ObjectiveI find the whole story to be ridiculous
Does anyone realize how much money $6.5 Trillion is? That is more than the entire budget of the US
The Army budget is around $150 billion a year, that is the entire Army budget for 40 years
To claim the Army has no idea where their money went for 40 years?
Most of the Army budget goes to salaries. They know exactly who got paid and how much
In Army defense contracts they can tell exactly how much was spent to the nearest dollar
The whole story is an overreaction to the impact of an audit not being conducted
We determined whether adjustments made to Army General Fund (AGF) data during the FY 2015 financial statement compilation process were adequately documented and supported. In addition, we assessed the internal controls over the compilation process.
Finding
The Office of the Assistant Secretary of the Army (Financial Management & Comptroller) (OASA[FM&C]) and the Defense Finance and Accounting Service Indianapolis (DFAS Indianapolis) did not adequately support $2.8 trillion in third quarter journal voucher (JV) adjustments and $6.5 trillion in yearend JV adjustments1 made to AGF data during FY 2015 financial statement compilation.2 The unsupported JV adjustments occurred because OASA(FM&C) and DFAS Indianapolis did not prioritize correcting the system deficiencies that caused errors resulting in JV adjustments, and did not provide sufficient guidance for supporting system‑generated adjustments.
DoD IG - Reports and Publications - Army General Fund Adjustments Not Adequately Documented or Supported
In other words, the DoD doesn't know where the $6.5 trillion went.
The OP is accurate. Without adequate documentation they don't know where the money went, if it was spent as it was intended to be spent or not. We need a special prosecutor to find out how much of this missing money made its way to the Clintons.Per reports..ObjectiveI find the whole story to be ridiculous
Does anyone realize how much money $6.5 Trillion is? That is more than the entire budget of the US
The Army budget is around $150 billion a year, that is the entire Army budget for 40 years
To claim the Army has no idea where their money went for 40 years?
Most of the Army budget goes to salaries. They know exactly who got paid and how much
In Army defense contracts they can tell exactly how much was spent to the nearest dollar
The whole story is an overreaction to the impact of an audit not being conducted
We determined whether adjustments made to Army General Fund (AGF) data during the FY 2015 financial statement compilation process were adequately documented and supported. In addition, we assessed the internal controls over the compilation process.
Finding
The Office of the Assistant Secretary of the Army (Financial Management & Comptroller) (OASA[FM&C]) and the Defense Finance and Accounting Service Indianapolis (DFAS Indianapolis) did not adequately support $2.8 trillion in third quarter journal voucher (JV) adjustments and $6.5 trillion in yearend JV adjustments1 made to AGF data during FY 2015 financial statement compilation.2 The unsupported JV adjustments occurred because OASA(FM&C) and DFAS Indianapolis did not prioritize correcting the system deficiencies that caused errors resulting in JV adjustments, and did not provide sufficient guidance for supporting system‑generated adjustments.
DoD IG - Reports and Publications - Army General Fund Adjustments Not Adequately Documented or Supported
In other words, the DoD doesn't know where the $6.5 trillion went.
As a result, the data used to prepare the FY 2015 AGF third quarter and yearend financial statements were unreliable and lacked an adequate audit trail. Furthermore, DoD and Army managers could not rely on the data in their accounting systems when making management and resource decisions. Until the Army and DFAS Indianapolis correct these control deficiencies, there is considerable risk that AGF financial statements will be materially misstated and the Army will not achieve audit readiness by the congressionally mandated deadline of September 30, 2017.
OP is overstated
Audit Reveals The Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone
A new Department of Defense Inspector General’s report, released last week, has left Americans stunned at the jaw-dropping lack of accountability and oversight. The glaring report revealed the Pentagon couldn’t account for $6.5 trillion dollars worth of Army general fund transactions and data, according to a report by the Fiscal Times.
Can anyone say ISIS?
Hummmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
.
