Showing posts with label audit. Show all posts
Showing posts with label audit. Show all posts

Monday, December 18, 2017

Dr. Rand Paul Applauds First Full-Scale Defense Department Audit

By Senator Rand Paul - (R - KY)

Washington, D.C. - December 18, 2017  (The Ponder News) -- U.S. Senator Rand Paul (R-KY) issued the following statement regarding the Pentagon’s recent announcement of the first full-scale financial audit of the Department of Defense (DoD), with audits to be conducted annually going forward: 

“Our men and women on the frontlines deserve to know their funding is being used as intended and to the maximum possible effectiveness. Unfortunately, the department charged with carrying out our greatest constitutional responsibility has set the lowest possible standard for accountability. I applaud President Trump’s administration for changing this course, and I will keep working to ensure this is only the start of reform,” said Dr. Paul.

As part of a series on the DoD in 2013, Reuters stated that it had “found that the Pentagon is largely incapable of keeping track of its vast stores of weapons, ammunition and other supplies; thus it continues to spend money on new supplies it doesn’t need and on storing others long out of date.”  

Since his arrival in the U.S. Senate, Dr. Paul has been a leading voice for increasing fiscal responsibility at the DoD, including working with former Senator Tom Coburn to introduce the Audit the Pentagon Act, which he has continued to support in the 114th and 115th Congresses. 

Dr. Paul has also called attention to waste and mismanagement of funds at the DoD through his Waste Report, which has covered stories including millions of dollars in equipment and parts failing to reach their destination or going unaccounted for and a $6 million renovation of a Fort Belvoir dining facility that closed less than a year later.

You can read these Waste Reports HERE.

See more headlines at The Ponder News

Monday, December 11, 2017

Citizens Against Government Waste Commends the Pentagon for Finally Beginning its Audit

By Citizens Against Government Waste

Washington, D.C. - December 9, 2017 - (The Ponder News) -- Citizens Against Government Waste (CAGW) President Tom Schatz released a statement applauding the Department of Defense (DOD) for announcing the start of its long-delayed first audit:

“Taxpayers should be encouraged that DOD has finally begun the necessary process of auditing its gargantuan bureaucracy. The Pentagon has done an exemplary job of protecting our national security, but a very poor job of keeping track of how defense dollars are spent.

“The Chief Financial Officers Act of 1990 (CFO Act) required audits to be performed and accurate financial statements disclosed for every federal department. CAGW was instrumental in the enactment of this legislation.

“That means DOD has failed to perform an essential accounting function for the past 27 years, while every other agency required to provide an audit under the CFO Act has done so. Since the Pentagon is the largest federal department, the lack of transparency and accountability has made this delay even worse.

“Determining how the taxpayers’ money is being used at the Pentagon should not be difficult. On December 5, 2016, The Washington Post reported that the department had buried an internal study that found $125 billion in administrative waste. The Government Accountability Office has regularly found DOD programs at ‘high risk’ of waste, fraud, abuse, and mismanagement.

“While the Pentagon has previously announced its intent to produce an audit, we fully expect that this time it will carry out that commitment with the meticulous scrutiny that taxpayers expect, and we look forward to analyzing the findings when they are released.”

Citizens Against Government Waste is the nation's largest nonpartisan, nonprofit organization dedicated to eliminating waste, fraud, abuse, and mismanagement in government.