Pentagon may be wasting a billion dollars a year in erroneous payments to contractors

By Richard H.P. Sia

Check-writing mistakes are said to be huge but the military is not tracking the problem closely enough to know for sure.

Pentagon's accounting shambles may cost an additional $1 billion

By R. Jeffrey Smith

DOD said its books wouldn't be clean until 2017; Panetta wants to move the deadline up

Excerpts from this story referencing "Leon Panetta":

"… waste, fraud and abuse amid soaring federal deficits. Secretary of Defense Leon Panetta, responding in part to bipartisan pressures, announced Tuesday that DOD do …"

SEC’s ex-chief accountant: Is agency a lapdog or watchdog?

A former Securities and Exchange Commission official urged the regulator “to get serious about enforcement.”