Pentagon's 2024 Audit Reveals Incremental Progress, Yet Fails to Achieve Clean Results

The Department of Defense continues to face challenges in fully accounting for its $824 billion budget as it works towards a 2028 audit goal.

The Department of Defense received a 'disclaimer of opinion' for the seventh consecutive year, indicating insufficient information for auditors to form a full opinion.
Out of 28 entities audited, nine received clean opinions, one received a qualified opinion, and 15 received disclaimers, with three audits still pending.
The Defense Threat Reduction Agency achieved a clean audit opinion for the first time, marking a step forward in the department's audit progress.
Efforts to address material weaknesses have resulted in eight entities resolving or downgrading issues related to fund balance with the Treasury.
Despite ongoing challenges, Pentagon officials express optimism about meeting the congressional mandate for a clean audit by 2028, citing improved understanding and commitment to financial reform.