Financial Watchdogs: KPMG Secures $53M Option for Army Audit Services

KPMG LLP, McLean, Virginia, is being awarded a labor-hour contract option with a maximum value of $53,012,899 for audit services of the Army General Fund and Working Capital Fund financial statements. Work will be performed in McLean, Virginia, with an expected completion date of Nov. 30, 2024. This contract is the result of a competitive acquisition for which three quotes were received. The modification brings the total cumulative face value of the contract to $165,791,406.85 from $112,778,508. Fiscal 2024 operation and maintenance, Army funds in the amount of $53,012,899 are being obligated at the time of the award. The Defense Finance and Accounting Service, Contract Services Directorate, Columbus, Ohio, is the contracting activity (HQ0423-21-F-0005).