Pentagon fails audit again despite progress

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Pentagon fails audit again despite progress
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The Department of Defense completed its fifth annual audit, and while progress was made, it again failed.

"The results of the fifth annual DOD-wide financial audit will be a disclaimer of opinion for DOD as a whole. This is the same as last year and … not unexpected. We did expect this disclaimer, but we will also sustain all of our prior year positive opinions, which cover approximately 39 percent of our assets," Michael J.

McCord, the undersecretary of defense /chief financial officer,“I would say we failed to get an ‘A,’” he said. “I would not say that we flunked. The process is important for us to do, and it is making us get better. It is not making us get better as fast as we want.”McCord, who previously served in his position from 2009 to 2017, said he was “disappointed that we didn’t show more progress this year.

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