The Defense Department Fails Its Audit Again, But Officials Have ‘No Doubt’ It Will Eventually Pass 

The defense department has never successfully completed and audit.

The Defense Department Fails Its Audit Again, But Officials Have ‘No Doubt’ It Will Eventually Pass  – Government Executive (govexec.com)

Here is a bit of interesting background reading:

Should We Care about Secrecy in Financial Reporting? (solari.com)

Has the Government Legalized Secret Defense Spending? – Rolling Stone

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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