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IPFS News Link • Military

Will the Pentagon Ever Be Able to Be Audited?

•, By Mandy Smithberger

In 1990 Congress passed the Chief Financial Officers Act, which required every federal agency to be auditable. Since then every agency has complied—except for the Department of Defense. Instead, there's been a saga of audit readiness plans and billions spent to upgrade out-of-date financial systems—plans and upgrades the Government Accountability Office (GAO) estimated in 2010 wasted nearly $6 billion. After significant pressure from Congress, particularly then-Senator Tom Coburn (R-OK) and Senator Joe Manchin (D-WV), then-Secretary of Defense Leon Panetta set a 2014 deadline for all components and the DoD as a whole to have auditable records of incoming budget resources, referred to as Statements of Budgetary Resources (SBR).

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