Pentagon audit reveals hundreds of millions in accounting issues
The Pentagon’s Defense Logistics Agency hasn’t been accounting for hundreds of millions of dollars worth of taxpayer’s money, according to a review conducted by Ernst & Young, Politico reported Monday. The report includes the fiscal year ending September of 2016.
Why it matters: This is the first agency “of its size and complexity” that has been audited at the Pentagon, as the agency put it, and it won’t be the last. It comes after The Washington Post and the GAO reported in the last two years of “administrative waste” and “financial management problems” at the Department of Defense.