The Marines pulled off another clean audit. The rest of the US military still hasn't.
Briefly

The Marines pulled off another clean audit. The rest of the US military still hasn't.
"The Department of Defense, which was recently authorized to receive a new annual budget of nearly $840 billion a year and could see a substantial increase to $1.5 trillion under the current Trump administration, has consistently failed to pass an audit since audits became legally required for the military in 2018. Pentagon officials hope the military can get its books in order across the services and pass one by 2028."
""The Marine Corps' audit process enabled accurate global tracking and reporting of financial transactions, inventory of facilities, equipment and assets, and accounting for taxpayer dollars spent during the last fiscal year," read a Marine Corps release, "The auditors also tested the Marine Corps' network, key business systems, and internal controls. The result reflects years of effort to modernize financial and logistics systems that have long been siloed across units, making audits agonizingly challenging,""
The Marine Corps achieved its third consecutive clean financial audit and is the only U.S. military service to pass an audit. The Department of Defense has not passed an audit since audits became legally required for the military in 2018. The Defense budget was recently authorized at nearly $840 billion and could increase to $1.5 trillion under the current administration. Modernization of financial and logistics systems has enabled accurate global tracking and reporting of transactions, inventory of facilities, equipment, and assets, and improved accounting for taxpayer dollars. Efforts to digitize and connect previously siloed systems aim to enable controls-based audits and wider audit success by 2028.
Read at Business Insider
Unable to calculate read time
[
|
]