The Department of the Navy awarded an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract, the Financial Improvement And Audit Remediation Support Services (FIAR FIP IV), to provide audit, consulting, and IT services to assist the Navy in achieving audit readiness goals by 2027. The prime contractor, Kearney & Company, P.C., a leading certified public accounting (CPA) firm, has been tasked with delivering a wide range of financial management support, including systems consolidation and modernization, audit remediation, financial reporting, and policy/budget reform. The contract has a total potential value of $797,811,632 and does not utilize any set-aside designations. Several delivery orders have been awarded to Kearney under this IDIQ, ranging from $13.5 million to $20 million in value, to provide services such as audit remediation, financial statement reporting, and level of effort support. Kearney has subcontracted portions of the work to small businesses like Akterra Solutions, Lynch Consultants, Woodgrove Solutions, and Advancia Aeronautics. The contracted services aim to assist the Department of the Navy in consolidating and modernizing financial systems, improving the accuracy of financial reporting, and achieving an audit opinion by 2027.
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