Navy, Accenture embark on financial improvements mission
Contract services address audit readiness, internal control documentation
- By David Hubler
- Jun 03, 2010
Accenture PLC will provide the Navy with financial management services under a five-year contract that could be worth as much as $182 million.
The indefinite-delivery, indefinite-quantity contract calls for Accenture to assist the Navy’s Office of Financial Operations implement the department’s Financial Improvement Program.
The objectives of the program are to improve the accuracy, timeliness and reliability of financial information for decision-making and to increase confidence in the Navy’s financial management capabilities, according to an Accenture announcement dated June 3.
In addition, Accenture will provide audit readiness support, including internal control documentation and training to help the Navy prepare for future audits.
Financial system improvements, including efforts to enhance data integrity and system interfaces, also are part of Accenture’s scope, the statement said.
Finally, Accenture will assist the Navy in implementing solutions to identify deficiencies, including system improvements, process re-engineering and implementation of Defense Department business practices.
Resulting corrective actions will be considered within the scope of the contract as long as they are associated with financial improvement.
“The FIP is vitally important to strengthening financial processes and systems, resulting in improved financial data quality,” said Lisa Mascolo, managing director of Accenture U.S. Federal client service group, in the announcement.
David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.