Report | Dec. 7, 2020

Oversight of the Audit of the FY 2021 Army Working Capital Fund Financial Statements (Project No. D2021-D000FI-0042.000)

Audit

Our planned oversight 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 Army Working Capital Fund Financial Statements. We contracted with the independent public accounting firm of KPMG, LLP, (KPMG) to audit the Army Working Capital Fund Financial Statements for fiscal years ending September 30, 2021, and September 30, 2020. The objective of KPMG’s audit is to determine whether the FY 2021 Army Working Capital Fund 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 this oversight project is to provide contract oversight of KPMG’s audit of the Army Working Capital Fund Financial Statements for fiscal years ending September 30, 2021, and September 30, 2020, and determine whether KPMG complied with applicable auditing standards.