The yearlong audit of the Defense Department is the largest audit ever, covering $2.7 trillion in assets and $2.6 trillion in liabilities, making it most likely the largest known audit of an organization in history.
The results are in from the Defense Department's second audit, and Deputy Defense Secretary David L. Norquist told lawmakers that the process is benefiting the American people.
The 2019 departmentwide audit of the Defense Department did what DOD needed, the department's comptroller said.
The first departmentwide audit of the Defense Department covered $2.7 trillion in assets and $2.6 trillion in liabilities for fiscal year 2018, making it most likely the largest known audit of an organization in history, according to David L. Norquist, DOD's comptroller and chief financial officer.
The Defense Department's comptroller updated the House Armed Services Committee on the department's financial statement audit.
David L. Norquist, the Defense Department's comptroller, talks about why the DOD audit is important.
The Department of Defense provides the military forces needed to deter war and ensure our nation's security.