Accenture wins pair of contracts to help Navy improve financial reporting

The Navy has awarded Accenture Federal Services two contracts totaling more than $30 million to continue supporting the Navy’s drive toward financial auditability, the company said Jan. 9.

Under a three-year, $25.5 million contract, Accenture will work with six commands and the Marine Corps to furnish comprehensive audit readiness services. The work will include review of business processes, internal controls and related systems to support improved business operations at Naval Air Systems Command, Naval Sea Systems Command, the Navy’s Assistant for Administration, Field Support Activity, Office of Naval Research, Naval Research Laboratory and the Marine Corps.

Under a three-year, $5.37 million contract involving the service's Financial Information Systems Control Audit Manual (FISCAM), Accenture will evaluate the design and operating effectiveness of IT general computer controls and business process automated controls for the Navy Enterprise Resource Planning system. Specific tasks include verifying processes, testing controls and supporting plant, property and equipment validation--all of which are key elements of the Navy’s Office of Financial Operations’ plan to achieve and sustain audit readiness.
The FISCAM review of the Navy's enterprise resource planning efforts will help the Navy assess General Accountability Office compliance for this core financial system, the company said.
Both contracts support the Navy’s Financial Improvement Program. The program’s objectives are to improve the accuracy, timeliness and reliability of financial information to increase confidence in the Navy’s financial management capabilities.

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