Posted on 08/09/2016 5:46:39 PM PDT by Lorianne
Despite a 1996 law requiring all federal agencies to conduct regular spending audits, the Pentagon has so far failed to conduct a single one. While US lawmakers have pressed the DoD to comply by September of 2017, a new inspector generals report indicates that meeting this deadline is highly unlikely.
Army and Defense Finance and Accounting Service Indianapolis personnel did not adequately support $2.8 trillion in third quarter adjustments and $6.5 trillion in year-end adjustments made to Army General Fund (AGF) data during FY 2015 financial statement compilation," the report reads.
In common language, the Pentagon has no idea how it spent nearly $7 trillion.
(Excerpt) Read more at sputniknews.com ...
Common Core Mathematics???
DOD spent over 1B with the German Company, SAP, for accounting software/services. Maybe they know where the money went?
Makes our former SOS look like a piker.
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