Pentagon fails 7th audit in a row, unable to fully account for $824B budget

The Pentagon failed its seventh consecutive audit, unable to fully account for its $824 billion budget, resulting in a disclaimer of opinion. Of the 28 DoD reporting entities audited, 9 received unmodified opinions, 15 received disclaimers, with the goal of achieving a clean audit by 2028. Despite the challenges, Michael McCord, Under Secretary of Defense, expressed confidence in the agency’s ability to achieve an unmodified audit opinion by 2028, emphasizing the progress made towards greater financial integrity and transparency.

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