Pentagon Fails Seventh Consecutive Financial Audit

Despite ongoing audit failures, the Department of Defense aims to achieve a clean financial report by 2028.

The Pentagon has once again failed its annual financial audit, marking the seventh consecutive year of unsuccessful audits.
Of the 28 components audited, only nine received an unmodified opinion, indicating financial statements were fairly presented.
Fifteen components received disclaimers, meaning auditors lacked sufficient evidence to form an opinion, affecting a significant portion of the DOD's assets and budget.
The Department of Defense has outlined a goal to achieve an unqualified audit opinion by the end of 2028, as mandated by Congress.
Critics highlight the Pentagon's audit failures as evidence of potential waste and inefficiency within the department's nearly $1 trillion budget.