2 days agoDoD Finance Modernization Puts Sustained Audit Readiness in Focus
A KPMG-presented Federal News Network panel examines how Department of Defense organizations can sustain clean audit opinions while modernizing finance systems and processes ahead of DoD’s department-wide 2028 audit-readiness goal. The discussion points to potential contractor demand for finance, systems, and process support, but announces no solicitation, award, contract value, or procurement timeline.
4 days agoPass-Through Entities Should Verify FFATA Subaward Reporting Before Audits
The draft 2026 Supplement flags FFATA subaward reporting as an audit-readiness issue for pass-through entities. Where award terms require reporting, first-tier subawards of $30,000 or more must be reported in the system that replaced FSRS in March 2025.
58 days agoUSAFE-AFAFRICA Initiates Critical Audit Readiness Program by 2026
The U.S. Air Forces in Europe – Air Forces Africa is launching a vital initiative to achieve audit readiness by October 2026. This comprehensive effort will involve detailed asset inventories and reconciliation, indicating a strong procurement demand for audit support services and asset management solutions.