- by foxnews
- 18 Nov 2024
The audits resulted in a disclaimer of opinion, which means auditors were provided with insufficient information to form an accurate opinion of the accounts.
But with the goal of achieving a clean audit by 2028, Michael McCord, Under Secretary of Defense (Comptroller) and Chief Financial Officer, said the agency "has turned a corner in its understanding of the depth and breadth of its challenges."
McCord told reporters at a briefing on Friday that he would not say that the agency "failed" as it had "about half clean opinions."
"So if someone had a report card that is half good and half not good, I don't know that you call the student or the report card a failure," he said.
Independent public accountants and the DoD Office of Inspector General closely examined the financial statements for the audit.
McCord emphasized in a statement that the path to a clean audit is clear.
"Significant work remains and challenges lie ahead, but our annual audit continues to be a catalyst for Department-wide financial management reform, resulting in greater financial integrity, transparency, and better-supported warfighters," he said.
Booking.com has released its annual travel predictions list for 2025, and one trend, "vintage voyaging," has 74% of travelers seeking vintage or second-hand items.
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