WASHINGTON, Nov 15 (Reuters) - The Pentagon failed an independent audit of its accounting systems for the sixth consecutive year, a Pentagon official said Wednesday.
"Things are showing progress, but it's not enough," Mike McCord, the Defense Department's chief financial officer, told reporters.
The Pentagon is striving for a "clean" audit but that is still years away, McCord said.
To conduct the audit, 1,600 auditors conducted 700 site visits and assessed $3.8 trillion in assets and $4 trillion in liabilities, the Pentagon said.
Required by law, the annual audit assesses the record-keeping processes for the Pentagon's weapons systems, military personnel and property around the world.
Persons:
Mike McCord, Defense Lloyd Austin, McCord, Mike Stone, Cynthia Osterman
Organizations:
Pentagon, Defense, Thomson
Locations:
Ukraine, Washington