WASHINGTON — The Pentagon once again was unable to provide auditors with all the needed financial documentation to account for the massive amounts of money that flows through its coffers every year.

In its June 23, 2025, memorandum (M-25-30: "Ensuring Accountability: How We Oversee, Audit, and Improve "), OMB director Russell Vought introduces a "strategic reset" to shift audits from procedural ...

For its third consecutive year, the U.S. Marine Corps keeps its record as the first and only service to cleanly pass a ...

The U.S. Marine Corps passed a full financial audit by the Department of Defense, the military branch announced. The successful audit comes as the government’s finances face significant scrutiny from ...

Sean Manning is CEO and Founder of Payroll Vault Franchising LLC, as well as a CPA and Thought Leader in the Financial Field. As a business owner, conducting year-end financial audits is more than a ...

The Marine Corps passed its third financial audit, a clean grade the Pentagon has yet to receive.

U.S. Marine Corps Sgt. Glenn Delavega, an ammunition technician, inspects and verifies ammo for an urban training exercise at Marine Corps Air Ground Combat Center Twentynine Palms on June 4, 2022.

The Department of Defense (DoD) released the results of its seventh annual Department-wide financial statement audit on November 15, which again resulted in a disclaimer of opinion. “Despite the ...

The Pentagon failed its financial audit for the eighth consecutive year, the Defense Department said Friday, highlighting the ongoing systemic challenge the nation’s largest federal agency faces in ...

WASHINGTON – The U.S. Army released the results of its financial statement audit contained within its Fiscal Year 2024 Annual Financial Report. This year, the Army downgraded six material weaknesses ...

When a regional logistics company received an unsolicited buyout offer from a national competitor, the owners were intrigued. Just as negotiations began, the buyer’s team requested audited financials.