7 years ago
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U.S. Army fudged its accounts by trillions of dollars, auditor finds
The United States Army’s finances are so jumbled it had to make trillions of dollars of improper accounting adjustments to create an illusion that its books are balanced. The Defense Department’s Inspector General, in a June report, said the Army made $2.8 trillion in wrongful adjustments to accounting entries in one quarter alone in 2015, and $6.5 trillion for the year. Yet the Army lacked receipts and invoices to support those numbers or simply made them up.
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https://www.reuters.com
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Only 62 billion dollars? Ah, then it's ok, no problem. It's not like there are any problems that could be solved with such a small amount of money.