Pentagon fails audit for sixth year in a row
Pentagon fails audit for sixth year in a row
The Pentagon failed an independent audit of its accounting systems for the sixth consecutive year, a Pentagon official said Wednesday.
We don't even know where our tax money is going.
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No matter where you stand on the political spectrum, you'd think keeping the government accountable of their spending would be a generally agreed upon thing?
Yes you'd think. but it seems most in here aren't much concerned.
The government should be accountable for its spending.
People often misunderstand the problem with the Pentagon and accounting. A good example is around 9/11 an audit failed and people thought the money was 'missing' That 9/11 was to hide the missing money.
That is rubbish. The issue is they just can't properly account for it in all the systems. Nothing was 'missing'. they just couldn't get it to all line up to do crappy information systems and processes.
System A didn't talk to system B and things had to be moved over by hand, etc. Things were not properly coded, etc.
I fully support our military spending but the accounting for all of it is horrible.
I also hate government accounting. It confuses the average person. They see a coffee cup for 1200 and think the coffee cup cost 1200. Instead of realizing it was assigned a value based on the total project cost. That shouldn't be allowed either. Every item should be accounted for against it's true cost.
I mostly agree with you but it's still kind of ridiculous that their accounting is so shit.
It is incredibly ridiculous. The one thing the government should be able to do is account for the money we gave them.
I find it ridiculous that the government wants to put regulations on corporations that they can't even follow.