3/24/2026
GAO Disclaims Opinion on US Balance Sheet
Disclaimers are rare in that they do no one any good. But here we are.
The Government Accountability Office (GAO) issued a disclaimer of opinion on the U.S. government’s FY 2025 financial statements — the 29th consecutive year it has been unable to determine whether the statements are fairly presented. This is primarily due to serious, ongoing financial management problems at the Department of Defense and weaknesses in accounting for interagency transactions.
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