Wednesday, August 5, 2015

Pentagon Can't Account for Nearly $1 Billion It Spent



A version of this story was originally published by The Center for Public Integrity, a nonprofit, nonpartisan investigative news organization in Washington, D.C.

The Secretary of Defense and his top aides made speeches and handed out awards when the department's top auditor announced that the Marine Corps had successfully accounted for all the money it received and spent in 2012, marking a key milestone in the Pentagon's quest to meet a congressionally imposed deadline for becoming fully auditable by 2017.

But the self-congratulations turned to embarrassment this March, when the auditors' office suddenly reversed itself and withdrew its endorsement. No one said so at the time, but the Corps had not correctly accounted for roughly $800 million worth of transactions on its books, according to a report the independent Government Accountability Office (GAO) released Tuesday.

Full article available here: Pentagon Can't Account.....

Source: NBC News 

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