(August 23, 2016)
The audit, conducted by the Defense Department‘s Office of Inspector General, found that the Army erroneously made $2.8 trillion in adjustments in the third quarter of 2015 to its Army general fund – one of the main accounts used to fund the service. The error amount skyrocketed to $6.5 trillion for all of last year, the report said.
The June report, first disclosed by Reuters on Friday, found „unreliable“ data was used to prepare the financial statements, leading to the possibility that the Army‘s finances were „materially misstated.“