Report | Jan. 5, 2021

Project Announcement: Oversight of the Audit of the FY 2021 Defense Logistics Agency Working Capital Fund Financial Statements (Project No. D2020-D000FE-0058.000)

Audit

Our planned oversight will begin immediately. The Under Secretary of Defense (Comptroller)/Chief Financial Officer, DoD, requested the audit of the Defense Logistics Agency Working Capital Fund Financial Statements. We contracted with the independent public accounting firm of Ernst and Young (EY), LLP to audit the Defense Logistics Agency (DLA) Working Capital Fund Financial Statements for the fiscal years ending September 30, 2021, and September 30, 2020. The objective of EY’s audit is to determine whether the FY 2021 DLA Working Capital Fund 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 the EY audit of the DLA Working Capital Fund Financial Statements for the fiscal years ending September 30, 2021, and September 30, 2020, and to determine whether EY complied with applicable auditing standards.