Jan. 25, 2018 —
Our planned oversight will begin immediately. The Assistant Secretary of the Navy (Financial Management and Comptroller) requested an audit of the U.S. Navy General Fund Financial Statements for FY 2018. We contracted with the independent public accounting firm of Ernst & Young LLP to perform the audit. The objective of Ernst & Young's audit is to determine whether the U.S. Navy General Fund Financial Statements and related footnotes were fairly presented in all material respects and in accordance with accounting principles generally accepted in the United States of America. We will review the documentation for any classified samples and provide the results of our review to Ernst & Young to use in developing its overall audit conclusions.