Emergence: Has US Army Really Lost $6.5 Trillion?

03 Economy, Corruption, Government, Ineptitude, Military, Officers Call

Emergence KAudit Reveals the Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone

The accounting errors and manipulated numbers, though obviously problems in their own right, highlight a far greater problem for the Defense Department than only bad recording keeping and wasteful spending habits. In reality, they are a representation of the poor decision-making, and lack of oversight and accountability that plague our nation’s government as a whole.

DoD IG Audit Report

The Office of the Assistant Secretary of the Army (Financial Management & Comptroller) (OASA[FM&C]) and the Defense Finance and Accounting Service Indianapolis (DFAS Indianapolis) did not adequately support $2.8 trillion in third quarter journal voucher (JV) adjustments and $6.5 trillion in year-end JV adjustments.