- The Department of Defense identified 26 material weaknesses and two significant deficiencies in its fiscal year 2025 financial reporting controls
- Despite the audit failure the 2026 National Defense Authorization Act signed by President Trump provides over 1 trillion dollars in military spending
- Officials reported that the department currently manages approximately 4.7 trillion dollars in liabilities and 4.1 trillion dollars in assets
- The 2024 National Defense Authorization Act legally mandates that the Pentagon must achieve an unmodified or clean audit opinion by 2028
- Acting Chief Financial Officer Jules Hurst stated that a significant acceleration of efforts is required to meet the 2028 deadline following the 2025 results
Pentagon fails eighth consecutive financial audit and targets clean results by 2028
Apr 28, 2026, 11:49:12 PM UTC(11 hours ago)
Impact: Medium
Affected Assets
Sources
From:@WatcherGuru
JUST IN: 🇺🇸 US Department of War promises to deliver a "clean" financial audit by 2028.
In its previous audit, the Pentagon was unable to account for $850 billion budget, failing its 8th consecutive financial audit in 2025. https://t.co/51sBB7TBY4
