Report | Jan. 4, 2021

Project Announcement: Oversight of the Audit of the FY 2021 U.S. Transportation Command Working Capital Fund Financial Statements (Project No. D2021-D000FL-0051.000)

Audit

Our planned oversight will begin immediately. The Under Secretary of Defense (Comptroller)/Chief Financial Officer, DoD, requested the audit of the U.S. Transportation Command Working Capital Fund Financial Statements. We contracted with the independent public accounting firm of Cotton & Company LLP (Cotton & Co.) to audit the U.S. Transportation Command Financial Statements for the fiscal years ending September 30, 2021, and September 30, 2020. The objective of Cotton & Co.’s audit is to determine whether the FY 2021 U.S. Transportation Command Working Capital Fund Basic Financial Statements and related notes are presented fairly and in conformity with accounting principles generally accepted in the United States. The objective of our oversight project is to provide contract oversight of Cotton & Co.’s audit of the U.S. Transportation Command Working Capital Fund Basic Financial Statements for the fiscal years ending September 30, 2021, and September 30, 2020, to determine whether Cotton & Co. complied with applicable auditing standards.