Updated July 10, 2023. One of the biggest pieces of legislation you might not have heard about is the National Defense Authorization Act. The NDAA is the country’s annual defense spending authorization bill, setting our military budget for the next year. The House of Representatives puts forward its bill first, then the Senate introduces its… Read more »
“We failed the audit, but we never expected to pass it.” That is what then-Deputy Secretary of Defense Patrick Shanahan said in 2018 when the DOD participated in and failed its first ever financial audit. Yes, the Pentagon has been going through financial audits for only three years. It failed all three times. But a… Read more »
Both the Senate and House of Representatives will begin consideration and markup of the National Defense Authorization Act this week. As the process moves forward, there is an opportunity to refocus America’s defense spending and efforts in the annual NDAA. Concerned Veterans for America Executive Director Nate Anderson recently wrote about the need to focus… Read more »
When the Department of Defense underwent its first-ever comprehensive audit, the goal was never to get a passing grade. It was clear before audit began that the department would fail, and longstanding financial issues would be disclosed to the public. So, now what? How can the DOD improve its chances of passing an audit the… Read more »
In what was a surprise to no one, the Pentagon failed its first-ever comprehensive audit. It took nearly a year for more than 1,000 auditors to conduct dozens of separate audits on $2.7 trillion worth of Department of Defense assets. More than 600 locations were visited, more than 40,000 documents were requested, and more than 90,000 sample items were tested. In… Read more »
The Department of Defense possesses more than $2.4 trillion in assets. Yet, the Pentagon is currently undergoing its first-ever audit. Findings could be released this week, and they’re expected to outline significant issues. That the military has readiness issues is not a secret. In April, Defense News reported naval aviation readiness was either at or near an all-time low. In October, Secretary of Defense Jim… Read more »