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Marines Pass Full Financial Audit, A First For Any Military Branch

February 26, 2024

Megan Eckstein

Defense News

U.S. Marine Corps Sgt. Glenn Delavega, an ammunition technician, inspects and verifies ammo for an urban training exercise at Marine Corps Air Ground Combat Center Twentynine Palms on June 4, 2022. (Cpl. Quince Bisard/U.S. Marine Corps)

By Megan Eckstein, Defense News / February 23, 2024

The U.S. Marine Corps passed a full financial audit for the first time, with the service announcing Friday its fiscal 2023 financial audit received an “unmodified audit opinion” after a rigorous two-year review.

The milestone — something the Defense Department and the other armed services still have not achieved — comes after almost two decades of trying to prepare the Corps’ records and several failed audits along the way.

During this two-year audit, the Marine Corps had independent third-party auditors from Ernst and Young vet the value of all its assets listed on financial statements. The Corps also had to prove that every single item existed and was where the service said it was.

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