Monday 17 March 2014

The Department of Defense hasn’t been audited in almost 20 years!



The U.S Department of Defense is the Executive Department of the Government of the United States of America charged with coordinating and supervising all agencies and functions of the government concerned directly with national security and the United States Armed Forces.
The Department is also the largest employer in the world, with more than 2.13 million active duty soldiers, sailors, marines, airmen, and civilian workers.
It also employs over 1.1 million National Guardsmen and members of the Army, Navy, Air Force, and Marine Reserves. The grand total is just over 3.2 million servicemen, servicewomen, and civilians.
It's a massive organization and on top of that, it's pretty polarizing. The DoD creates strong arguments between the US political parties, which has complicated the auditing issue.
There's a lot stories of moeny being wasted by the DoD. For example; some say that the department has no way of tracking if a contractor was paid once, twice or none at all. There's also stories of toilet seats that cost $600.
The DoD is trying to be audit-ready by 2017, which would be 21 years since the first year agencies were required to prepare audited financial statements.

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