Pentagon agency can't account for $800 million in spending: Report

A division of the Department of Defense lost track of more than $800 million in construction projects financed for the Army Corps of Engineers and other agencies, according to an internal audit.

The audit, conducted by Ernst & Young and obtained by Politico, found the Defense Logistics Agency had misstatements on its books related to construction projects that totaled at least $465 million. The audit also found the Defense Logistics Agency lacked sufficient documentation for $384 million in spending for construction projects deemed “in progress.”