As federal audit requirements become more rigorous, the Department of the Army faces growing pressure to improve financial transparency, accuracy, and compliance. Achieving audit readiness is a long-term investment in stronger systems, smarter processes, and sounder data.

At Thompson Gray, we work closely with Army leaders and financial teams to navigate every phase of this transformation. From assessing balance sheet line items to implementing sustainable internal controls, our support is both strategic and hands-on.

Understanding the Challenge

Army organizations must modernize their financial management systems and internal controls while adapting to evolving audit requirements. Outdated processes, inconsistent documentation, and system limitations have made it difficult to deliver clean financial statements and meet annual audit benchmarks.

Our Solution

Thompson Gray delivers comprehensive audit readiness and sustainment services across multiple Army customers. We serve as trusted partners—coaching financial teams, identifying roadblocks, and helping shape practical solutions tailored to each organization’s mission and structure.

Our subject matter experts support efforts related to:

• Balance sheet items like real property, munitions, and internal use software
• Statements of Budgetary Resources and environmental liabilities
• Risk Management Internal Controls (RMIC) program
• Compliance with annual Statements of Assurance
• Financial management system alignment and data accuracy

To ensure audit readiness is not a one-time event, but an ongoing practice, we also lead trainings, develop standardized templates, and streamline reporting capabilities 

Value Delivered

Through our partnership, Army customers have seen measurable improvements in:

• Identifying and resolving root causes of material weaknesses
• Developing and validating Corrective Action Plans (CAPs)
• Tracking progress through custom dashboards and leadership briefings
• Promoting a culture of continuous improvement and audit awareness

By embedding experts directly into the process, Thompson Gray helps financial teams build confidence, reduce audit findings, and improve operational performance.

Moving Forward

Audit requirements will continue to evolve, but with the right support in place, Army financial teams can meet those expectations with clarity and control. At Thompson Gray, we’re committed to building that foundation every step of the way.

Interested in learning more about our Financial Management solutions? Contact us or explore our capabilities at thompsongrayinc.net.