The purpose of this memorandum is to inform you of our planned oversight that will begin immediately. The Chief Financial Officers Act of 1990, as amended, requires this audit. In accordance with the Act, the DoD Office of Inspector General is the principal auditor for the Security Assistance Accounts Financial Statements. We contracted with the independent public accounting firm of Sikich CPA LLC (Sikich) to audit the Security Assistance Accounts Financial Statements as of and for the fiscal year ending September 30, 2026. The objective of Sikich’s audit is to determine whether the FY 2026 Security Assistance Accounts Financial Statements and related notes are presented fairly and in conformity with accounting principles generally accepted in the United States of America. The objective of our project is to provide contract oversight of Sikich’s audit and determine whether Sikich complied with the contract and generally accepted government auditing standards.
We will rely on the Government Accountability Office/Council of the Inspectors General on Integrity and Efficiency, “Financial Audit Manual,” Volume 2, June 2024, Section 670, “IG Oversight of Audits Performed by Contracted Independent Public Accounting (IPA) Firms,” to design and perform oversight procedures to review Sikich’s audit work and, if applicable, disclose instances in which Sikich did not comply, in all material respects, with generally accepted government auditing standards. Our review will not enable us to express an opinion on the Security Assistance Accounts Financial Statements or draw conclusions about the effectiveness of internal control, whether the financial management systems substantially complied with the Federal Financial Management Improvement Act of 1996, or on the Security Assistance Accounts’ compliance with laws and regulations. We will provide oversight and review Sikich’s audit work, but Sikich will be responsible for expressing the opinion on the financial statements and related notes.
We request that you designate two points of contact for this oversight project within 5 days of this memorandum. One point of contact should be a Government employee—a GS-15, pay band equivalent, or military equivalent—who is knowledgeable of the financial statements related to the objective. The second point of contact should be a member of the Senior Executive Service or a General/Flag Officer who is familiar with the financial statements related to the objective and could serve as a point of engagement with DoD Office of Inspector General senior leaders, if necessary.