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Defense department accounting records... top notch

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  • Defense department accounting records... top notch

    https://www.bloomberg.com/news/artic...es-in-one-year


    Lol jk they are dog shit. That's literally all this article points out.... the DoD's books are shit.

    Definitely worth a giggle if you have a little bit of accounting knowledge.




  • #2
    Sounds like a good method for hiding payoffs.

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    • #3
      Originally posted by daCat View Post
      Sounds like a good method for hiding payoffs.
      How else do you think they figured out how to make it look like a $10,000 toilet seat?

      Joking aside, it's a case of letting automation run amok without reviewing what the robot did.

      I see tgis kind of shit all the time..... not $35T, but I might have an audit where it has $10M in assets and $30M in adjustments because the frontline accountant doesnt know how to book certain transactions. But we do this shit every year.

      This shit here..... LMFAO. $35T in adjustments after being allowed to run amok unchecked with hundreds of billions annually for years or decades?!? Well Holly gee willickers!!

      Comment


      • #4
        Many of these older systems “were designed without consideration for current financial accounting standards,

        Than upgrade your fucking systems you dumb cunts.

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