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Pentagon Fails 7th Audit in a Row but Hopes To Pass by 2028
The Pentagon has failed its annual financial audit for the seventh year in a row. This means the Department of Defense (DOD) has failed every single audit it has been subjected to, but officials hope to have things under control by the time audit No. 11 rolls around.
The DOD announced the results on Friday. "Each year teams of independent public accountants audit the department's $4.1 trillion in assets and $4.3 trillion in liabilities," which are then audited by the DOD Office of...