An audit is now being done on the Department of Defense, the first time in its history, explains a report in Joseph Farah’s G2 Bulletin.
And the chief financial officer for the Pentagon, David L. Norquist, has told U.S. senators he expects “unpleasant surprises.”
While Norquist’s testimony to the Senate Budget Committee came earlier this year, reports on his comments have just become available.
“I anticipate the audit process will uncover many places where our controls or processes are broken,” his statement to the committee read. “There will be unpleasant surprises. Some of these problems may also prove frustratingly difficult to fix.”
However, he said the audit is needed.
“The alternative is to operate in ignorance of the challenge and miss the opportunity to reform. Fixing these vulnerabilities is essential to avoid costly or destructive problems in the future.”
The audit was announced late last year, and according to a report from the Federation of American Scientists, is a major effort forecast to cost $367 million and involve 1,200 auditors.
Results aren’t expected until late this year.
Norquist explained that the Defense Department, until now, was the only large federal agency not under full financial statement audit.
The objectives of the audit are to validate financial statements, find any mistakes or fraud, help oversight and track down problems.
“DOD is not generally expected to receive an unqualified opinion [i.e. an opinion that affirms the accuracy of DoD financial statements] on its first-ever, agency-wide audit in FY2018,” the Congressional Research Service said in a recent report.