Financial Improvement and Audit Readiness (FIAR)

The Financial Improvement and Audit Readiness (FIAR) Master Indefinite Delivery/Indefinite Quantity (IDIQ) contract, managed by the NAVSUP Fleet Logistics Center Norfolk, Philadelphia Office, supports the Department of the Navy's financial and functional communities in achieving audit readiness and improving financial management processes. The contract vehicle is designed to provide professional services that assist the Department of Defense in meeting audit requirements, enhancing financial reporting, and implementing systemic improvements across financial operations. Services under this IDIQ include financial statement audit remediation, governance support, program management, IT modernization, systems consolidation, and specialized consulting services focused on improving financial controls and reporting mechanisms.

The task orders under this IDIQ consistently demonstrate a focus on financial management services, with contract values ranging from approximately $1.7 million to $131 million and typical performance periods of 12-36 months. Deloitte Consulting LLP and KPMG LLP have been the most frequent prime contractors, with Booz Allen Hamilton and Accenture Federal Services also receiving significant awards. Most task orders are time and materials or firm fixed-price contracts and are not set aside for small businesses. Performance locations are predominantly in the Washington, D.C. metropolitan area, with some work conducted in other locations such as McLean, Virginia and Italy. The contracting agencies include the Department of the Navy, United States Marine Corps, and various Navy administrative offices, all working to support the overarching Department of Defense goal of achieving comprehensive financial audit readiness.