The purpose of this memorandum is to inform you of our planned oversight that will begin immediately. The Under Secretary of Defense (Comptroller)/Chief Financial Officer, requested the audit of the Defense Logistics Agency (DLA) National Defense Stockpile Transaction Fund (Transaction Fund) Financial Statements. We contracted with the independent public accounting firm of Ernst & Young, LLP (EY) to audit the DLA Transaction Fund Financial Statements as of and for the fiscal years ending September 30, 2025, and September 30, 2024. The objective of EY’s audit is to determine whether the FY 2025 DLA Transaction 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 project is to provide contract oversight of EY’s audit and determine whether EY complied with the contract and generally accepted government 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 EY to use in developing its overall audit conclusions.