The military finally submits to an audit, and the results are poor.
- The Editorial Board
- The New York Times
After decades of ducking the legal requirement that it undergo a thorough financial audit, the Pentagon finally opened up its books to 1,200 outside accountants and analysts.
The report was recentlycompleted, and here’s the good news: The Army Corps of Engineers (most of it, anyway) and the Military Retirement Fund passed the audit.
The bad news: The Army, Navy, Air Force and Marines and most other divisions failed, which means they were unable to show that they…