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Exhibit 275

Understanding the Results of the Audit of the DoD FY 2018 Financial Statements

Exhibit 275 ยท Inspector general report

Understanding the Results of the Audit of the DoD FY 2018 Financial Statements

On November 15, 2018, the DoD OIG issued a disclaimer of opinion on the DoD financial statements.

Report on the first full DoD financial statement audit. Of 21 reporting entities, 5 received unmodified opinions, 1 qualified, 13 disclaimers and 2 audits were incomplete. 20 agency-wide material weaknesses and more than 2,400 notices of findings. Lists a 'Journal Vouchers' weakness: over 1,200 journal vouchers totaling over $175 billion not fully supported.

Source
DoD Office of Inspector General
Date
8 January 2019
Quoted from
PDF p. 3
Grade
Primary record
Document
https://media.defense.gov/2019/Jan/08/2002077454/-1/-1/1/UNDERSTANDING%2520THE%2520RESULTS%2520OF%2520THE%2520AUDIT%2520OF%2520THE%2520DOD%2520FY%25202018%2520FINANCIAL%2520STATEMENTS.PDF
Accessed
2026-11-09
Cited by
Findings citing this exhibit

Cited by

Finding DEF-3.1
Primary record The DoD Inspector General issued a disclaimer of opinion on the department-wide financial statements in each of fiscal years 2018 through 2025, eight years in a row. GAO reports that DoD is the only one of the 24 Chief Financial Officers Act agencies that has never obtained a clean opinion.
Finding DEF-3.3
Primary record The DoD Inspector General counted 20 agency-wide material weaknesses in fiscal year 2018, 25 in 2019, 26 in 2020, 28 in each of 2021 through 2024, and 26 in 2025. The Inspector General states that comparing these counts from year to year is not a reliable way to measure progress.
Finding DEF-3.4
Primary record In fiscal year 2025 the DoD Inspector General reported opinions on 21 reporting entities: 11 clean, 1 qualified and 9 disclaimers, up from 5 clean opinions among 21 entities in fiscal year 2018. The Congressional Research Service reports that the entities with disclaimers account for 43 percent of DoD assets.