Join Navy FMO and KPMG for an overview of how the Department of the Navy successfully remediated audit findings for Government Furnished Property held by vendors by operationalizing a disciplined, quarterly reconciliation between Contractor Property Management Systems and the Navy’s accountable property system. The session outlines the playbook: standardizing inputs (contractor confirmations, asset listings, in-transit data, and catalog/FLIS validations), aligning records via a common identifier, applying exception-driven analytics to isolate gains and losses, focusing efforts through risk-based materiality, and posting targeted, policy-aligned journal entries. We will also highlight governance and review protocols that make the process repeatable and defensible at quarter close, along with lessons learned on vendor collaboration, data quality uplift, and sustaining control effectiveness at scale.