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  • Monday, November 25, 2024

EY Awarded $370M to Continue Army Financial Management Services

Accounting firm EY will continue to perform audits of the annual U.S. Army general fund and train the service branch’s financial management personnel under a $370 million contract modification.

The company is currently assisting the Army in efforts to manage business process gaps and corrective measures, the Department of Defense said Monday.

Army Contracting Command used fiscal 2022 operation and maintenance funds to cover the $10 million obligated amount at the time of award.

EY will perform tasks for the branch in Tysons, Virginia, and aims to finish work by Dec. 31, 2023.

The firm was awarded a $93 million modification for audit services to the Army in May 2020.

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