KPMG to Provide Army Financial Audit Services for Fiscal 2018

KPMG has received a $39.8 million contract modification from the Defense Finance and Accounting Service to help audit the U.S. Army‘s general and working capital fund financial statements.

The modification exercises the first option year of a previously awarded labor-hour contract for financial audit services and increases the contract’s potential value to $66.5 million, the Defense Department said Friday.

KPMG will perform work in McLean, Virginia, and is scheduled to finish by Dec. 31, 2018.

DFAS’ Contract Services Directorate is obligating the full modification amount at the time of award from the Army’s fiscal 2018 operations and maintenance funds.