In 2010, the National Defense Authorization Act called for a annual audits. Starting in 2018, they’re going to fulfill their obligation and audit everything from top to bottom.
This couldn’t have come at a better time. Budgets have been exploding and waste is rampant at the Pentagon as it has always been. This audit, which the Defense Department is calling “huge,” should shed some light on the way our tax dollars are used. While few conservatives would argue we’re spending too much on defense, the sheer waste that goes on in everything Washington DC touches should make us cheer about seeing what’s behind the curtain.
The Defense Department will conduct an agencywide financial audit for the first time in history, following requirements in the 2010 National Defense Authorization Act. In a conference yesterday, the Pentagon committed to annual audits, with reports to be issued in November.
The Department’s careless approach to finances is notorious. It has gone so far as to bury a study that demonstrated how it could save $125 billion dollars of bloat, to continue a multi-trillion dollar corporate welfare program for a jet with decades-old computing and worse flying ability than planes from the 1970s, and so on, deflecting any criticism by asserting that the skeptics do not care about American lives.
If anything, this should give the President and Congress plenty of ammunition to claim they can fix the fiscal status of government without cutting if they simply get rid of the waste. That’s been a sticking point for some fiscal conservatives who are happy that we’re probably getting tax cuts but disgusted we’re not doing more to cut budgets and go after the national debt.
Here’s the official release from the Pentagon:
Officials Announce First DoD-Wide Audit, Call for Budget Certainty > U.S. DEPARTMENT OF DEFENSE > Article
The audit is massive. It will examine every aspect of the department from personnel to real property to weapons to supplies to bases. Some 2,400 auditors will fan out across the department to conduct it, Pentagon officials said.
“It is important that the Congress and the American people have confidence in DoD’s management of every taxpayer dollar,” Norquist said.
Audits are necessary to ensure the accuracy of financial information. They also account for property. Officials estimate the department has around $2.4 trillion in assets. “With consistent feedback from auditors, we can focus on improving the processes of our day-to-day work,” the comptroller said. “Annual audits also ensure visibility over the quantity and quality of the equipment and supplies our troops use.”