Exhibit 278 · Inspector general report
Understanding the Results of the Audit of the FY 2021 DoD Financial Statements
Ernst & Young determined that although the Navy’s Inventory records showed eight guided missile fin assemblies at the contractor’s site, a physical count revealed only two at the site.
FY2021: disclaimer issued 15 November 2021; 28 material weaknesses and 4 significant deficiencies; of 26 reporting entities with stand-alone audits, 8 clean, 1 qualified, 17 disclaimers (PDF p. 38). Inventory section reports a physical count at a Navy contractor site found 2 of 8 recorded guided missile fin assemblies.
- Source
- DoD Office of Inspector General
- Date
- 18 May 2022
- Quoted from
- PDF p. 28 (Inventory and Related Property)
- Grade
- Primary record
- Document
- https://media.defense.gov/2022/Jun/01/2003009509/-1/-1/1/UNDERSTANDING%20THE%20RESULTS%20OF%20THE%20FY%202021%20AUDIT_FINAL.PDF
- Accessed
- 2026-11-09
- Cited by
- Findings citing this exhibit
- Note
- Further quotation: “On November 15, 2021, the DoD OIG issued a disclaimer of opinion on the FY 2021 Agency-Wide Financial” (The FY 2021 Agency-Wide Audit Results panel (page marked 12 in the text layer; the sentence continues 'Statements' in the next text column)).