This is interesting considering that both major candidates speak of increasing Defense budgets. Your average publicly traded US corporation could not, of course, get away with fudging its books by billions of bucks, never mind doing it by making trillions of bucks' worth of dubious or just "plugged" adjustments. U.S. Army fudged its accounts by trillions of dollars, auditor finds Excerpt: The United States Army’s finances are so jumbled it had to make trillions of dollars of improper accounting adjustments to create an illusion that its books are balanced. The Defense Department’s Inspector General, in a June report, said the Army made $2.8 trillion in wrongful adjustments to accounting entries in one quarter alone in 2015, and $6.5 trillion for the year. Yet the Army lacked receipts and invoices to support those numbers or simply made them up. As a result, the Army’s financial statements for 2015 were “materially misstated,” the report concluded. The “forced” adjustments rendered the statements useless because “DoD and Army managers could not rely on the data in their accounting systems when making management and resource decisions.” Apparently it's not even certain an audit deadline (about a year from now) can even be met. But the Army was eager to note for the record that even though 6.5 trillion bucks' worth of adjustments were jammed into the accounts to make stuff balance out, the net adjustment was "only" 60 billion or so dollars: Congress set a September 30, 2017 deadline for the department to be prepared to undergo an audit. The Army accounting problems raise doubts about whether it can meet the deadline – a black mark for Defense, as every other federal agency undergoes an audit annually. For years, the Inspector General – the Defense Department’s official auditor – has inserted a disclaimer on all military annual reports. The accounting is so unreliable that “the basic financial statements may have undetected misstatements that are both material and pervasive.” In an e-mailed statement, a spokesman said the Army “remains committed to asserting audit readiness” by the deadline and is taking steps to root out the problems. The spokesman downplayed the significance of the improper changes, which he said net out to $62.4 billion. “Though there is a high number of adjustments, we believe the financial statement information is more accurate than implied in this report,” he said.