financial audit

KPMG, EY Win $322M in DoD Audit Support Contracts

KPMG and Ernst & Young have won separate five-year contracts worth $322.2 combined to help the Department of Defense's inspector general office audit financial statements

The Defense Finance and Accounting Service awarded $224M to KPMG for U.S. Army audit support and $98.1M to EY for similar services to the Defense Logistics Agency, DoD said Thursday.

DFAS received three quotes for the first labor-hour contract and two quotes for the second contract. Both awards have a one-year base period that runs through December 31, 2021, followed by four one-year options.

KPMG and EY will receive initial agency funds amounting to $43.7M and $18.8M, respectively.

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