Provide assistance in connection with the remediation of internal controls issues and optimization… and 1 more item

Ernst & Young LLP has been awarded a contract by the University of Virginia effective August 24, 2026, with a cumulative value of $17.5 million. The contract, designated A207_PO-0187885-V10, is administered in Virginia and encompasses two primary line items totaling the contract value. The first line item, valued at $8.513 million and deliverable to Stacey E Rittenhouse, provides assistance with remediation of internal controls issues and optimization of accounting and reporting processes, inclusive of out-of-pocket expenses. The second line item, valued at approximately $8.994 million and designated for fiscal year 2025 Ernst & Young support, is deliverable to the Buyer.

The contract services are performance-based deliverables focused on enhancing the University of Virginia's financial and operational infrastructure through professional consulting services. Ernst & Young LLP will provide specialized expertise in internal control remediation and accounting process optimization, addressing identified deficiencies within the University's financial management systems. The engagement represents a significant commitment to strengthening institutional compliance and reporting capabilities through comprehensive advisory support and implementation assistance.