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OP is a bullshit conclusion for a lack of an auditThe OP is accurate. Without adequate documentation they don't know where the money went, if it was spent as it was intended to be spent or not. We need a special prosecutor to find out how much of this missing money made its way to the Clintons.Per reports..ObjectiveI find the whole story to be ridiculous
Does anyone realize how much money $6.5 Trillion is? That is more than the entire budget of the US
The Army budget is around $150 billion a year, that is the entire Army budget for 40 years
To claim the Army has no idea where their money went for 40 years?
Most of the Army budget goes to salaries. They know exactly who got paid and how much
In Army defense contracts they can tell exactly how much was spent to the nearest dollar
The whole story is an overreaction to the impact of an audit not being conducted
We determined whether adjustments made to Army General Fund (AGF) data during the FY 2015 financial statement compilation process were adequately documented and supported. In addition, we assessed the internal controls over the compilation process.
Finding
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 yearend JV adjustments1 made to AGF data during FY 2015 financial statement compilation.2 The unsupported JV adjustments occurred because OASA(FM&C) and DFAS Indianapolis did not prioritize correcting the system deficiencies that caused errors resulting in JV adjustments, and did not provide sufficient guidance for supporting system‑generated adjustments.
DoD IG - Reports and Publications - Army General Fund Adjustments Not Adequately Documented or Supported
In other words, the DoD doesn't know where the $6.5 trillion went.
As a result, the data used to prepare the FY 2015 AGF third quarter and yearend financial statements were unreliable and lacked an adequate audit trail. Furthermore, DoD and Army managers could not rely on the data in their accounting systems when making management and resource decisions. Until the Army and DFAS Indianapolis correct these control deficiencies, there is considerable risk that AGF financial statements will be materially misstated and the Army will not achieve audit readiness by the congressionally mandated deadline of September 30, 2017.
OP is overstated
Rip Van Winkle? Is that you?Audit Reveals The Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone
A new Department of Defense Inspector General’s report, released last week, has left Americans stunned at the jaw-dropping lack of accountability and oversight. The glaring report revealed the Pentagon couldn’t account for $6.5 trillion dollars worth of Army general fund transactions and data, according to a report by the Fiscal Times.
Can anyone say ISIS?
Hummmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
.
Ask Dick-face CHENEY and his cronies at Halliburton, etc.........
OP is a bullshit conclusion for a lack of an auditThe OP is accurate. Without adequate documentation they don't know where the money went, if it was spent as it was intended to be spent or not. We need a special prosecutor to find out how much of this missing money made its way to the Clintons.Per reports..ObjectiveI find the whole story to be ridiculous
Does anyone realize how much money $6.5 Trillion is? That is more than the entire budget of the US
The Army budget is around $150 billion a year, that is the entire Army budget for 40 years
To claim the Army has no idea where their money went for 40 years?
Most of the Army budget goes to salaries. They know exactly who got paid and how much
In Army defense contracts they can tell exactly how much was spent to the nearest dollar
The whole story is an overreaction to the impact of an audit not being conducted
We determined whether adjustments made to Army General Fund (AGF) data during the FY 2015 financial statement compilation process were adequately documented and supported. In addition, we assessed the internal controls over the compilation process.
Finding
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 yearend JV adjustments1 made to AGF data during FY 2015 financial statement compilation.2 The unsupported JV adjustments occurred because OASA(FM&C) and DFAS Indianapolis did not prioritize correcting the system deficiencies that caused errors resulting in JV adjustments, and did not provide sufficient guidance for supporting system‑generated adjustments.
DoD IG - Reports and Publications - Army General Fund Adjustments Not Adequately Documented or Supported
In other words, the DoD doesn't know where the $6.5 trillion went.
As a result, the data used to prepare the FY 2015 AGF third quarter and yearend financial statements were unreliable and lacked an adequate audit trail. Furthermore, DoD and Army managers could not rely on the data in their accounting systems when making management and resource decisions. Until the Army and DFAS Indianapolis correct these control deficiencies, there is considerable risk that AGF financial statements will be materially misstated and the Army will not achieve audit readiness by the congressionally mandated deadline of September 30, 2017.
OP is overstated
The entire Defense budget is $500 billion a year
No way $6.5 trillion is "unaccounted for"
Has anyone seen where I parked that aircraft carrier?
OP is a bullshit conclusion for a lack of an auditThe OP is accurate. Without adequate documentation they don't know where the money went, if it was spent as it was intended to be spent or not. We need a special prosecutor to find out how much of this missing money made its way to the Clintons.Per reports..ObjectiveI find the whole story to be ridiculous
Does anyone realize how much money $6.5 Trillion is? That is more than the entire budget of the US
The Army budget is around $150 billion a year, that is the entire Army budget for 40 years
To claim the Army has no idea where their money went for 40 years?
Most of the Army budget goes to salaries. They know exactly who got paid and how much
In Army defense contracts they can tell exactly how much was spent to the nearest dollar
The whole story is an overreaction to the impact of an audit not being conducted
We determined whether adjustments made to Army General Fund (AGF) data during the FY 2015 financial statement compilation process were adequately documented and supported. In addition, we assessed the internal controls over the compilation process.
Finding
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 yearend JV adjustments1 made to AGF data during FY 2015 financial statement compilation.2 The unsupported JV adjustments occurred because OASA(FM&C) and DFAS Indianapolis did not prioritize correcting the system deficiencies that caused errors resulting in JV adjustments, and did not provide sufficient guidance for supporting system‑generated adjustments.
DoD IG - Reports and Publications - Army General Fund Adjustments Not Adequately Documented or Supported
In other words, the DoD doesn't know where the $6.5 trillion went.
As a result, the data used to prepare the FY 2015 AGF third quarter and yearend financial statements were unreliable and lacked an adequate audit trail. Furthermore, DoD and Army managers could not rely on the data in their accounting systems when making management and resource decisions. Until the Army and DFAS Indianapolis correct these control deficiencies, there is considerable risk that AGF financial statements will be materially misstated and the Army will not achieve audit readiness by the congressionally mandated deadline of September 30, 2017.
OP is overstated
The entire Defense budget is $500 billion a year
No way $6.5 trillion is "unaccounted for"
Has anyone seen where I parked that aircraft carrier?
C
Audit Reveals The Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone
A new Department of Defense Inspector General’s report, released last week, has left Americans stunned at the jaw-dropping lack of accountability and oversight. The glaring report revealed the Pentagon couldn’t account for $6.5 trillion dollars worth of Army general fund transactions and data, according to a report by the Fiscal Times.
Can anyone say ISIS?
Hummmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
.
Your source and its conclusions are total nonsenseOP is a bullshit conclusion for a lack of an auditThe OP is accurate. Without adequate documentation they don't know where the money went, if it was spent as it was intended to be spent or not. We need a special prosecutor to find out how much of this missing money made its way to the Clintons.Per reports..ObjectiveI find the whole story to be ridiculous
Does anyone realize how much money $6.5 Trillion is? That is more than the entire budget of the US
The Army budget is around $150 billion a year, that is the entire Army budget for 40 years
To claim the Army has no idea where their money went for 40 years?
Most of the Army budget goes to salaries. They know exactly who got paid and how much
In Army defense contracts they can tell exactly how much was spent to the nearest dollar
The whole story is an overreaction to the impact of an audit not being conducted
We determined whether adjustments made to Army General Fund (AGF) data during the FY 2015 financial statement compilation process were adequately documented and supported. In addition, we assessed the internal controls over the compilation process.
Finding
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 yearend JV adjustments1 made to AGF data during FY 2015 financial statement compilation.2 The unsupported JV adjustments occurred because OASA(FM&C) and DFAS Indianapolis did not prioritize correcting the system deficiencies that caused errors resulting in JV adjustments, and did not provide sufficient guidance for supporting system‑generated adjustments.
DoD IG - Reports and Publications - Army General Fund Adjustments Not Adequately Documented or Supported
In other words, the DoD doesn't know where the $6.5 trillion went.
As a result, the data used to prepare the FY 2015 AGF third quarter and yearend financial statements were unreliable and lacked an adequate audit trail. Furthermore, DoD and Army managers could not rely on the data in their accounting systems when making management and resource decisions. Until the Army and DFAS Indianapolis correct these control deficiencies, there is considerable risk that AGF financial statements will be materially misstated and the Army will not achieve audit readiness by the congressionally mandated deadline of September 30, 2017.
OP is overstated
The entire Defense budget is $500 billion a year
No way $6.5 trillion is "unaccounted for"
Has anyone seen where I parked that aircraft carrier?
C
“For two decades, the U.S. military has been unable to submit to an audit, flouting federal law and concealing waste and fraud totaling billions of dollars.
Linda Woodford spent the last 15 years of her career inserting phony numbers in the U.S. Department of Defense’s accounts."
Audit Reveals The Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone
A new Department of Defense Inspector General’s report, released last week, has left Americans stunned at the jaw-dropping lack of accountability and oversight. The glaring report revealed the Pentagon couldn’t account for $6.5 trillion dollars worth of Army general fund transactions and data, according to a report by the Fiscal Times.
Can anyone say ISIS?
Hummmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
.
The entire 2015 defense budget was 600 billion, so whatever you think the 6.5 trillion dollar figure means,
you are wrong.
I seem to have lost an aircraft carrier
Did we have ten or was it twelve? I lose count
How many soldiers do we have? There are so many, I lose count
It is so easy to lose $6.5 trillion
I seem to have lost an aircraft carrier
Did we have ten or was it twelve? I lose count
How many soldiers do we have? There are so many, I lose count
It is so easy to lose $6.5 trillion
tell that to those Americans, who unlike yourself, have to work for a living.
.
Do you know what $6.5 trillion is?
