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Report | Jan. 8, 2025

Project Announcement: Audit of the DoD Agency-Wide Financial Statements as of and for the Fiscal Years Ending September 30, 2025, and September 30, 2024 (Project No. D2025-D000FV-0064.000)

Audit

The purpose of this memorandum is to notify you that we are initiating the subject 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 DoD Agency-Wide Consolidated Balance Sheet, Consolidated Statement of Net Cost, Consolidated Statement of Changes in Net Position, Combined Statement of Budgetary Resources, and related notes (financial statements) as of and for the fiscal years ending September 30, 2025, and September 30, 2024. The objective of our audit is to determine whether the DoD Agency-Wide Financial Statements as of and for the fiscal years ending September 30, 2025, and September 30, 2024, taken as a whole, are presented fairly, in all material respects, and in conformity with accounting principles generally accepted in the United States of America. We will also determine whether these principles are consistently applied. We will conduct this audit in accordance with the generally accepted government auditing standards, Government Accountability Office/Council of the Inspectors General on Integrity and Efficiency, “Financial Audit Manual”; and Office of Management and Budget Bulletin No. 24-02, “Audit Requirements for Federal Financial Statements,” July 29, 2024, or subsequent issues. As required by the standards, we will review the Required Supplementary Information that includes Management’s Discussion and Analysis and Other Information presented in the DoD Agency Financial Report. In addition, we will review internal controls related to the reliability of financial reporting and compliance with provisions of laws, regulations, contracts, and grant agreements that apply to these financial statements. However, our objective is not to express an opinion on these controls.