'Lawmakers press DoD for better bookkeeping'

from federal times........

"An audit would allow Congress to determine whether the Pentagon is spending money efficiently and where funding cuts or increases might make the most sense.

Senior officials told lawmakers that maintaining reliable records is a challenge.

For example, the Air Force has trouble knowing exactly how many spare engines it has. A recent review found that 30 percent of the service's spare engines were not properly accounted for, said Maj. Gen. Judith Fedder, director of logistics for the Air Force.

The Army could save about $2 billion if it could keep track of its own inventories and avoided reordering things it already has, said Lt. Gen. Mitchell Stevenson, the Army's deputy chief of staff for logistics"...........READ MORE