Here’s the bottom line, as reported on Yahoo [1]:
The Pentagon cannot account for nearly 15 billion dollars in payments for goods and services in Iraq, according to an internal audit which members of Congress blasted Friday as a “shocking” accountability failure.
Why didn’t a government accountant catch the problem? Good question.
The lack of accountability of the funds, intended for purchases of weapons, vehicles, construction equipment and security services, amounted to a 95 percent failure rate in basic accounting standards, according to the report.
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