Post Reply Pentagon Announces First Ever Audit
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777 / The White House
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Posted 12/12/17 , edited 12/13/17
http://www.oann.com/pentagon-announces-first-ever-audit/



The Department of Defense announces the agency will undergo its first full-scale audit in history.

Pentagon officials announced the move Friday to ensure the accuracy of financial information.

The massive audit will reportedly examine every aspect of the department from personnel and supplies, to bases and weapons.

There will be at least 2,400 auditors are expected to examine the pentagon’s estimated $2.4 trillion in assets.

Officials say annual audits will help focus on improving day to day work and help prevent wasteful spending.

“With respect to the DOD audit this week marks the DOD audit,” said chief Pentagon spokesperson Dana W. White. “It demonstrates our responsibility to fiscal responsibility and maximizing every tax payers dollar that is entrusted to us.”

The annual audits are expected to begin at the beginning of next year.


It's about time. Our military wastes too much money and audits would be a fantastic thing. Maybe we can save some money and pay our national debt down a little.

Also expect a lot of people to go to jail after this and a lot of dead investigators who shot themselves in the back of the head then stuffed themselves in a sealed duffel bag in the bath tub.
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Posted 12/13/17 , edited 12/13/17
well this might be a good or bad thing, in some cases the President (regardless of era) is the one who signs off on some of the military spending with/without others knowing about it. makes me wonder if this could be linked to them disobeying the president about transgender and other cases that this is to be brought about in the first place. oh how my conspiracy radar has become peaked. but it would be nice to know to a degree, guess we'll find out, finally, how much a toilet seat goes for on a military plane...
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21 / M / Winnipeg, MB.
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Posted 12/13/17 , edited 12/13/17
Was pretty on board with this OP until the moronic conspiracy theory bullshit. The audit still seems good though.
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777 / The White House
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Posted 12/19/17 , edited 12/20/17
Biggly if true:

MSU scholars find $21 trillion in unauthorized government spending; Defense Department to conduct first-ever audit

http://msutoday.msu.edu/news/2017/msu-scholars-find-21-trillion-in-unauthorized-government-spending-defense-department-to-conduct/

Earlier this year, a Michigan State University economist, working with graduate students and a former government official, found $21 trillion in unauthorized spending in the departments of Defense and Housing and Urban Development for the years 1998-2015.

The work of Mark Skidmore and his team, which included digging into government websites and repeated queries to U.S. agencies that went unanswered, coincided with the Office of Inspector General, at one point, disabling the links to all key documents showing the unsupported spending. (Luckily, the researchers downloaded and stored the documents.)

Now, the Department of Defense has announced it will conduct the first department-wide, independent financial audit in its history (read the Dec. 7 announcement here).

The Defense Department did not say specifically what led to the audit. But the announcement came four days after Skidmore discussed his team’s findings on USAWatchdog, a news outlet run by former CNN and ABC News correspondent Greg Hunter.

“While we can’t know for sure what role our efforts to compile original government documents and share them with the public has played, we believe it may have made a difference,” said Skidmore, the Morris Chair in State and Local Government Finance and Policy at MSU.

Skidmore got involved last spring when he heard Catherine Austin Fitts, former assistant secretary of Housing and Urban Development, refer to a report which indicated the Army had $6.5 trillion in unsupported adjustments, or spending, in fiscal 2015. Given the Army’s $122 billion budget, that meant unsupported adjustments were 54 times spending authorized by Congress. Typically, such adjustments in public budgets are only a small fraction of authorized spending.

Skidmore thought Fitts had made a mistake. “Maybe she meant $6.5 billion and not $6.5 trillion,” he said. “So I found the report myself and sure enough it was $6.5 trillion.”

Skidmore and Fitts agreed to work together to investigate the issue further. Over the summer, two MSU graduate students searched government websites, especially the website of the Office of Inspector General, looking for similar documents dating to 1998. They found documents indicating a total $21 trillion in undocumented adjustments over the 1998-2015 period. (The original government documents and a report describing the issue can be found here.)

In a Dec. 8 Forbes column he co-authored with Laurence Kotlikoff, Skidmore said the “gargantuan nature” of the undocumented federal spending “should be a great concern to all taxpayers.”

“Taken together these reports point to a failure to comply with basic constitutional and legislative requirements for spending and disclosure,” the column concludes. “We urge the House and Senate Budget Committee to initiate immediate investigations of unaccounted federal expenditures as well as the source of their payment.”
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Posted 12/19/17 , edited 12/19/17
Finally, way too much money has a habit of disappearing from there.
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777 / The White House
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Posted 12/19/17 , edited 12/20/17

kevz_210 wrote:

Finally, way too much money has a habit of disappearing from there.


OH yeah


Skidmore got involved last spring when he heard Catherine Austin Fitts, former assistant secretary of Housing and Urban Development, refer to a report which indicated the Army had $6.5 trillion in unsupported adjustments, or spending, in fiscal 2015. Given the Army’s $122 billion budget, that meant unsupported adjustments were 54 times spending authorized by Congress. Typically, such adjustments in public budgets are only a small fraction of authorized spending.

Skidmore thought Fitts had made a mistake. “Maybe she meant $6.5 billion and not $6.5 trillion,” he said. “So I found the report myself and sure enough it was $6.5 trillion.”
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777 / The White House
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Posted 1/10/18 , edited 1/11/18
DoD Comptroller audit finds 39 BLACK HAWKS that were NOT ON THE [email protected] $21.3 million EACH = $830,700,000......WTF?!?!



To put that in perspective the Japanese army has 34.

I wonder what these 39 off the books black hawks have been up to lately hum.....
Vahvi 
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Posted 1/10/18 , edited 1/10/18

Rujikin wrote:

DoD Comptroller audit finds 39 BLACK HAWKS that were NOT ON THE [email protected] $21.3 million EACH = $830,700,000......WTF?!?!



To put that in perspective the Japanese army has 34.

I wonder what these 39 off the books black hawks have been up to lately hum.....


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Posted 2/5/18 , edited 2/5/18
http://www.bbc.com/news/world-us-canada-42954050

Minor update, but apparently the Pentagon's audit found out that they lost a small amount of spending documentation. $800 million is currently undocumented.

Article says that about $465 million was Army Corps of Engineers construction projects, apparently.
Posted 2/5/18 , edited 2/6/18
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