About half of every dollar (50%–60%) the Department of War spends can’t be properly accounted for
A $trillion‑plus black box of unverified books, contractors, and ledger chaos
Accountability?
Totally nonexistent
#Pentagon #Capitalism #AuditFailure
substack.com/@futuredude/...
About half of every dollar (50%–60%) the Department of War spends can’t be properly accounted for. A $trillion‑plus black box of unverified books, contractors, and ledger chaos. Accountability? Totally nonexistent. #Pentagon #Capitalism #AuditFailure
$1.4B isn’t just a headline.
It’s a warning shot at every Big Four firm:
💼 When you sign off, you sign up for responsibility.
And the courts? They’re watching.
#BridgingFinance #EY #PwC #Canada #AuditFailure
⚖️ In court, Commerzbank accused EY of failing to audit with due scepticism:
“There were red flags, but EY looked away.”
They claim EY didn’t verify Wirecard’s supposed funds in Asia — a fatal miss that led to the collapse.
#AuditFailure
