How Government Audits Actually Work and Why They Fail

Episode 18 of Government Spending with Fexingo dives into the world of government audits — what they actually check, why they take years, and why the Department of Defense hasn't passed a clean audit in decades. Lucas and Luna walk through the 2026 GAO audit of the federal government, the difference between financial and performance audits, and what the $2 trillion in 'unreconciled transactions' really means. They also look at how state-level audits in California and Texas reveal systemic weaknesses. If you've ever wondered whether the government's books are actually balanced, this episode explains why the answer is almost always 'no' — and why that matters for taxpayers. #GovernmentAudits #GAO #DODAudit #FederalBudget #PublicFinance #SpendingOversight #FinancialAudit #PerformanceAudit #TaxpayerDollars #CaliforniaAudit #TexasAudit #UnreconciledTransactions #Economics #GovernmentSpending #FexingoBusiness #BusinessPodcast #Podcast #LucasAndLuna Keep every episode free: buymeacoffee.com/fexingo