Rest of the World

Pentagon’s Defense Logistics Agency Loses Track Of $800m

Spread the love

The US Pentagon’s Defense Logistics Agency (DLA) is missing documentation for how it spent hundreds of millions of US dollars, a new audit finds.

The firm Ernst and Young found the agency could not account for $800m (£572m), according to Politico.

“DLA concurs with Ernst and Young’s assessment of our failure to properly account for and track funding to specific construction projects,” a DLA spokeswoman told the BBC.

She said that the DLA was the first agency of its size and complexity in the department to undergo an audit and that they “did not anticipate achieving a ‘clean’ audit opinion in the initial cycles”.

“As stewards of the American taxpayers’ dollars, our goal is to make significant progress towards compliance during the FY 2018 audit cycle,” she said.

Show More

Related Articles

Back to top button
error: Content is protected !!