The Pentagon's First-Ever Financial Audit Has Begun

Defense Under Secretary (Comptroller) David L. Norquist provides testimony on the Fiscal Year 2018 National Defense Authorization Budget Request from the Defense Department to members of the Senate Committee on Armed Services Dirksen Senate Office Building, Washington, D.C., June 13, 2017. DoD photo by Army Sgt. Amber I. Smith

Defense News: Pentagon is prepared to spend over $900 million in first audit

WASHINGTON — The Pentagon is preparing to spend more than $900 million in fiscal 2018 to identify and fix problems as part of its first-ever financial audit.

David Norquist, the Pentagon’s comptroller, said Wednesday that the first steps of the long-awaited Pentagon audit are already underway.

The audit itself will cost $367 million in FY18 — covering fees for the independent public accounting firms ($181 million) and infrastructure to support the audits ($186 million). That will help fund the roughly 1,200 auditors who will support the 24 individual audits that make up the overall effort.

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More News On The Pentagon's First-Ever Financial Audit

DoD Owes Taxpayers Full Accounting of Assets, Comptroller Tells House -- US Department Of Defense
Comptroller Promises DoD Audit After Decades of Trying -- DoD Buzz/
Pentagon audit to cost $367M in 2018 -- The Hill
Army Finds $830 Million In "Missing" Helicopters As First Ever Audit Begins -- Zero Hedge
Cost of first-ever Pentagon audit to soar beyond $900 million -- RT
What to Expect from the Pentagon’s First-Ever Audit -- Defense One
Why a Pentagon audit is overdue -- Charles V. Pena, Washington Times

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