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Massive Pentagon Agency Can’t Complete Audit – Again

POGO: “For the second year in a row, a little-known but massive Pentagon agency won’t be able to complete an independent audit. The Defense Logistics Agency (DLA) handles more taxpayer dollars in a year than several Cabinet-level departments, but auditors have informed agency leadership that they will not be able to complete their audit for fiscal year 2018, according to a recent Agency newsletter obtained by the Project On Government Oversight. The official result, a “disclaimer of opinion,” applies to all three of the funds the agency manages, and matches the result of last year’s attempted audit. Last year, in addition to their disclaimer of opinion, auditors from the firm Ernst & Young wrote a separate report explaining why they were unable to reach an opinion. That report focused on the Agency’s weak financial controls and included pages of bullet-pointed recommendations. The report made headlines by bringing to light numerous problems, including improper documentation of over $800 million in construction projects and $100 million in other assets, and the Agency’s inability to reconcile its top-line numbers with those of the Treasury Department…”

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