The Pentagon has failed its seventh consecutive audit, unable to fully account for its $824 billion budget. The audits resulted in a disclaimer of opinion, indicating insufficient information for an accurate assessment. However, officials believe the Department of Defense has made progress in understanding its budgetary challenges. The goal is to achieve a clean audit by 2028, as mandated by the National Defense Authorization Act. Despite the failure, the Pentagon sees the annual audit as a catalyst for financial management reform.
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Original article source: https://www.foxnews.com/politics/pentagon-fails-7th-audit-row-unable-fully-account-824b-budget
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