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Monday, December 19, 2005

www.GovExec.com - Government flunks annual audit, again (12/16/05)

For the ninth year running, the federal government failed to achieve a clean financial audit, largely because of accounting issues at the Pentagon.

This year's results, released on Thursday, looked much like those from recent years. Internal problems with government accounting systems prevented the Government Accountability Office from reaching a reliable conclusion about the accuracy of the Treasury Department's Fiscal Year 2005 Financial Report of the U.S. Government.

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