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Response to Purveyor (Original post)

Mon Feb 4, 2013, 08:40 PM

5. Defense budgets "unauditable" according to GAO.

http://www.huffingtonpost.com/michael-shank/gao-says-no-pentagon-audi_b_2542147.html

Take a look. This month, the U.S. Government Accountability Office (GAO) -- the independent, non-partisan "congressional watchdog" that investigates how the federal government spends taxpayer dollars -- was unable to audit the department of defense or the department of homeland security. The majority of the 24 other agencies were auditable, but neither defense nor homeland security were among them. Curious.
...

Not only did the GAO note that "DOD and the department of homeland security (DHS) have consistently been unable to receive such audit opinions", but also that "serious financial management problems at the department of defense made its financial statements unauditable."

Despite this proverbial slap on the transparency wrist, can we expect the Pentagon to have its financial ducks in a row anytime soon? Not even close, says GAO: the Pentagon's plan is to prepare auditable, department-wide financial statements by 30 September 2017.

Nearly five years from now -- that's how soon the Pentagon will be able to show Congress its financial statements for auditing. Until then, therefore, any claims by the department of defense regarding the impact of cuts must be pure conjecture.


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