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Report | Jan. 8, 2025

Project Announcement: Oversight of the Audits of the FY 2025 U.S. Army Corps of Engineers Sub-Allotted Funds Financial Statements and Other Audit Procedures (Project No. D2025-D000FI-0063.000)

Audit

The purpose of this memorandum is to inform you of our planned oversight that will begin immediately. The U.S. Army Corps of Engineers management requested the audits of the U.S. Army Corps of Engineers Sub-Allotted Funds Financial Statements. We contracted with the independent public accounting firm of Kearney & Company, P.C. (Kearney) to audit financial statements as of and for the fiscal years ending September 30, 2025, and September 30, 2024, for the funds sub-allotted to the U.S. Army Corps of Engineers by the Defense Logistics Agency, U.S. Air Force, and U.S. Special Operations Command. In addition, Kearney will perform audit procedures to obtain assurance over funds sub-allotted to the U.S. Army Corps of Engineers in support of the Army General Fund and Defense Health Program financial statement audits. The objective of Kearney’s financial statement audits is to determine whether the FY 2025 U.S. Army Corps of Engineers Sub-Allotted Funds 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 Kearney’s audits and other procedures and determine whether Kearney complied with the contract and generally accepted government auditing standards.