Deloitte Keeps $800 Million Audit Contract for Now, Court Says

Sept. 7, 2018, 3:40 PM UTC

Deloitte & Touche LLP held on to a five-year, maximum value $800 million contract to prepare Air Force financial systems for audits following protester KPMG LLP‘s unsuccessful motion for preliminary injunctive relief, the U.S. Court of Federal Claims said.

KPMG contends that the award is tainted by organizational conflicts of interest that will arise from Deloitte’s previous contracts, but the Air Force reasonably concluded that Deloitte has no conflicts, and that its conflict mitigation plan was adequate to resolve any potential conflicts, Judge Loren A. Smith said.

The court also disagreed that KPMG would be irreparably harmed from lost ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.