EY to Support Navy, Marine Corps with Extended Two-Year Audit Cycle Under $69M Modification
Ernst & Young LLP, New York, New York, is being awarded a modification to extend the existing labor-hour contract (HQ042321F0002) for financial statement audit services for the Navy and Marine Corps. The modification (P00027) is for a maximum face value of $69,389,290, bringing the total cumulative face value to $337,478,268 from $268,088,978. The modification is necessary to convert the Navy Working Capital Fund financial statement audit from a one-year to a two-year audit cycle, and provide an audit of the Navy General Fund and Marine Corps General Fund fiscal 2026 annual financial statements with an expected completion date of Dec. 31, 2026. This contract was the result of a competitive acquisition for which one quote was received. Fiscal 2025 Navy operations and maintenance funds in the amount of $18,900,921 will be obligated at time of award. Fiscal 2026 operations and maintenance funds in the amount of $50,488,369 are subject to availability and will be obligated when available. The Defense Finance and Accounting Service, Contract Services Directorate, Columbus, Ohio, is the contracting activity.
