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Exclusive: The Pentagon’s Massive Accounting Fraud Exposed

Exclusive: The Pentagon’s Massive Accounting Fraud Exposed

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On November 15, Ernst & Young and other private firms that were hired to audit the Pentagon announced that they could not complete the job. Congress had ordered an independent audit of the Department of Defense, the government’s largest single cost center—the Pentagon receives two of every three federal tax dollars collected—after the Pentagon failed for decades to audit itself. The firms concluded, however, that the DoD’s financial records were riddled with so many bookkeeping deficiencies, irregularities, and errors that a reliable audit was simply impossible.

Source: Exclusive: The Pentagon’s Massive Accounting Fraud Exposed

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