financial audit

EY Secures $263M Navy Financial Audit Contract

Global professional services firm EY has won a potential five-year, $263.4M from the Defense Finance and Accounting Service to help audit the U.S. Navy's financial statements.

The branch is obligating $50.3M at the time of award from its fiscal 2021 operations and maintenance funds, the Department of Defense said Friday.

The labor-hour contract has a one-year base period that runs through Dec. 31, 2021, followed by four one-year option periods. Work will take place in Alexandria, Virginia.

DFAS received one quote for the audit services via a competitive acquisition process.

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