The Defense Logistics Agency (DLA) does not have the proper paperwork to account for at least $465 million it allegedly spent on construction projects completed in the fiscal year that ended September 30, 2016, an Ernst & Young audit discovered. Furthermore, the agency lacks sufficient documentation for another $384 million spent on construction that is still \u201cin progress.\u201d<\/em><\/p>\n Read more<\/p>\n In addition, Ernst & Young said that computer equipment assets worth some $46 million were \u201cinappropriately recorded\u201d<\/em> as belonging to DLA, with the agency unable to produce documentation for another $100 million in computer systems. \u201cWe cannot determine the effect of the lack of sufficient appropriate audit evidence on DLA\u2019s financial statements as a whole,\u201d<\/em> the report concludes, according<\/a> to Politico.<\/p>\n The audit raises concerns about the oversight of the Pentagon\u2019s spending, as Trump is pushing to increase the US defense budget to $716 billion for 2019.<\/p>\n The agency, with a budget of roughly $40 billion per year has vowed to address the deficiencies highlighted by the audit. However, keeping track of some 25,000 DLA employees who oversee millions of orders from all US armed services units across the globe could prove to be a challenging task.<\/p>\n \u201cThe key is to use auditor feedback to focus our remediation efforts and corrective action plans and maximize the value from the audits. That\u2019s what we\u2019re doing now,\u201d<\/em> the DLA said in a statement.<\/p>\n \u201cThe initial audit has provided us with a valuable independent view of our current financial operations,\u201d<\/em> Army Lt. Gen. Darrell Williams, the director of the agency, said of the findings. \u201cWe are committed to resolving the material weaknesses and strengthening internal controls around DLA\u2019s operations.\u201d<\/em><\/p>\n<\/div>\n Via RT<\/a>. This piece was reprinted by RINF Alternative News<\/a> with permission or license.<\/p>\n","protected":false},"excerpt":{"rendered":" In the latest instance of negligent bookkeeping at the Pentagon, its Defense Logistics Agency has failed to account for more than $800mn intended for construction projects, Politico has revealed citing an audit by Ernst & Young. The Defense Logistics Agency (DLA) does not have the proper paperwork to account for at least $465 million it […]<\/p>\n","protected":false},"author":1,"featured_media":346977,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-346976","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/346976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=346976"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/346976\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media\/346977"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=346976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=346976"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=346976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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