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EY Books $200M Contract for Air Force Funding Audit Services

Ernst & Young will help the Department of the Air Force audit its general fund and working capital fund under a potential five-year, $200.2 million contract from the Defense Finance Accounting Service.

The labor-hour contract provides for audit services of financial statements and examination and includes a 12-month base period that runs through Dec. 31, 2023, the Defense Department said Wednesday.

EY will receive initial Air Force operations and maintenance funds amounting to $36.6 million at the time of award. The company will perform work in Washington, D.C. and its services could extend via four one-year option periods.

The Defense Finance and Accounting Service is the contracting activity and received only one bid during the contract’s competitive procurement process.

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