Re:Pentagon Has No Idea Where $800M Went
by Rumford on Tuesday November 03, 2015 @11:20PM
(#10504577)
Imagine what would happen if the Pentagon were held to Sarbanes-Oxley the way private businesses are.
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Re:Pentagon Has No Idea Where $800M Went
by tantalor on Tuesday November 03, 2015 @11:22PM
(#10504583)
Congress has been much more lenient on the Defense Department than on publicly traded corporations. The Sarbanes-Oxley Act of 2002, a response to the Enron Corp and other turn-of-the-century accounting scandals, imposes criminal penalties on corporate managers who certify false financial reports. "The concept of Sarbanes-Oxley is completely foreign" to the Pentagon, says Mike Young, a former Air Force logistics officer who for years has been a consultant on, and written about, Defense Department logistics.