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Project Announcement: Oversight of the Audit of the Department of the Navy Working Capital Fund Financial Statements for FY 2020 (Project No. D2020-D000FS-0060.000)

Audit

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Our planned oversight will begin immediately. The Chief Financial Officers Act of 1990, as amended, requires this audit. In accordance with the Chief Financial Officers Act of 1990, the DoD Office of Inspector General is the principal auditor for the Department of the Navy Working Capital Fund Financial Statements. We contracted with the independent public accounting firm of Ernst and Young, LLP to perform the audit. The objective of the audit is to provide contract oversight of Ernst and Young's audit of Department of the Navy Working Capital Fund Financial Statements for the fiscal years ending September 30, 2020, and September 30, 2019, to determine if Ernst and Young complied with applicable auditing standards. We will execute the contractor’s audit procedures associated with reviews of transactions and facilities that are Special Access Programs and TOP SECRET/Sensitive Compartmented Information and provide an unclassified version of the results of our review to Ernst and Young to use in developing its overall audit conclusions.