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Report | Jan. 5, 2023

Project Announcement: Oversight of the Audit of the FY 2023 Department of the Air Force Working Capital Fund Financial Statements (Project No. D2023-D000FT-0059.000)

Audit

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 Department of the Air Force Working Capital Fund Financial Statements. We contracted with the independent public accounting firm of Ernst & Young LLP (EY) to audit the Department of the Air Force Working Capital Fund Financial Statements as of and for the fiscal years ending September 30, 2023, and September 30, 2022. The objective of EY’s audit is to determine whether the FY 2023 Department of the Air Force 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 our oversight project is to provide contract oversight of EY’s audit and determine whether EY complied with applicable auditing standards.