EY to Audit Navy Financial Statements Under $149M Contract

TYSONS CORNER, VA, July 13, 2017 — EY, part of Ernst & Young Global, will help audit the U.S. Navy‘s financial statements under a potential $149.4 million contract from the Defense Finance and Accounting Service, GovCon Wire reported Wednesday.

The Defense Department said Tuesday the labor-hour contract consists of a five-month base period of performance and four option years and will use fiscal 2017 Navy operations and maintenance funds.

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