The Lady Speaks

DoD, DHS Fail Audits

Anyone surprised?

From the AP:

Ten years after Congress ordered federal agencies to have outside auditors review their books, neither the Defense Department nor the newer Department of Homeland Security has met even basic accounting requirements, leaving them vulnerable to waste, fraud and abuse.

An Associated Press review shows that the two departments’ financial records are so disorganized and inconsistent that they have repeatedly earned “disclaimer” opinions, meaning that they simply cannot be fully audited.

“It means we really can’t put any faith in the numbers they use,” said Ross Rubenstein, who teaches public administration at Syracuse University’s Maxwell School.  [my emphasis]

[snip]

The entire Homeland Security Department with a $35 billion budget this fiscal year, passed its first audit in 2003 with strong stipulations but has failed every one since.

And the Defense Department, with a $460 billion budget this fiscal year, has never even come close to passing. Because that department makes up at least 20 percent of all federal spending, the entire federal government also has failed its audits since the congressional mandate took effect.

 

September 16, 2007 Posted by PA_Lady | America, Bush, Federal Debt, Government, Homeland Security, Military, Republicans, White House | | 2 Comments