The US Army’s accounting department messed up big-time last year. How big? To the tune of $6.5 trillion. Oopsie.
According to a Pentagon audit performed by the Inspector General’s office of the Defense Department, the Army could not provide basic accounting information such as receipts and invoices for enough spending that trillions of dollars of accounting adjustments had to be made. For reference, that total error number is about 30 times the Army’s total budget. [Read more…]