Marine Corps Becomes First US Military Branch to Pass Full Audit

The U.S. Marine Corps just completed its first successful audit, making it the first U.S. military branch to successfully account for its assets. On Friday, the Office of the Inspector General for the Department of Defense (DOD) announced the Marine Corps earned an “unmodified opinion,” meaning the service had provided auditors with sufficient and appropriate evidence to account for $46.3 billion in assets. The audit was conducted by independent accountants with Ernst & Young LLP (EY) in accordance with accounting principles accepted throughout the United States. EY accountants, working under the supervision of the DOD inspector general’s office, visited more than 70 Marine Corps installations, assessed more than 25 million sample items, and reviewed more than 3,000 documents....