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Army General Fund Adjustments Not Adequately Documented or Supported
Key Excerpts from Article on Website of US Department of Defense Inspector General (PDF Report)
Posted: March 13th, 2017
http://www.dodig.mil/pubs/documents/DODIG-2016-113.pdf
Longstanding financial management challenges prevent the Army from issuing auditable financial statements. Army and Defense Finance and Accounting Service (DFAS) Indianapolis personnel did not adequately support $2.8 trillion in third quarter adjustments and $6.5 trillion in yearend adjustments made to Army General Fund data during FY 2015 financial statement compilation. In addition, DFAS Indianapolis did not document or support why the Defense Departmental Reporting System Budgetary (DDRS-B) ... removed at least 16,513 of 1.3 million records during third quarter FY 2015. DFAS Indianapolis did not have detailed documentation ... or have accurate or complete system reports. 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. 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.
Note: Underneath its technical jargon, the above report shows that the Pentagon has lost track of trillions of dollars and thousands of accounting records. Despite its outrageous administrative expenses, the Pentagon remains literally unable to account for itself. Could it be that the real reason the Pentagon is the only branch of US government that doesn't balance its books is that they don't want us to know where the money is going? For more along these lines, see concise summaries of deeply revealing military corruption news articles from reliable major media sources.
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