| This thread has been locked, it will not receive new replies. |
|
Locked on 11/19/2022 12:24:51 PM PST by Admin Moderator, reason:
Search still works |
Posted on 11/19/2022 12:09:36 PM PST by Jan_Sobieski
The U.S. Department of Defense has, once again, failed a comprehensive financial audit. The audit is the fifth comprehensive review the department has completed, and the fifth where auditors were unable to find sufficient record keeping for the DoD to pass off on a clean audit.
This year’s DoD-wide audit report involved 27 smaller component audits, of which seven component audits received “unmodified opinions,” which mean that auditors determined the underlying military financial information was recorded fairly and in line with U.S. accounting standards. One component audit received a “qualified opinion,” meaning auditors found material accounting misstatements that were not pervasive.
The remaining 16 component audits were listed with “disclaimers of opinion,” meaning the auditors were unable to find complete enough financial records to provide an audit opinion. The disclaimers of opinion accounted for 47 percent of the DoD’s total assets and at least 71 percent of the DoD’s total budgetary resources.
The DoD, as a whole, also received a “disclaimer of opinion.” With auditors saying “DoD management did not report materially complete balances in the Agency-Wide Financial Statements as required by the Statement of Federal Financial Accounting Standards...”
(Excerpt) Read more at americanmilitarynews.com ...
They probably have more allegiance to NWO types than legislative requirements.
Search still works: https://freerepublic.com/focus/f-news/4110436/posts
With the new GOP House, withhold selected line items until they get it right.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.