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 Office of Financial Operations (FMO)


The Office of Financial Operations (FMO), under the Assistant Secretary of the Navy, Financial Management and Comptroller (ASN, FM&C), acts on behalf of the DON and is responsible for financial and accounting matters. FMO leads financial programs and activities that are designed to improve the way the DON does business and support the warfighter.

As Department of Defense (DoD) directives and policies are set for financial efficiency, effectiveness, and transparency, FMO reports on financial data, as well as develops and manages accounting and finance related programs to help Budget Submitting Offices (BSOs), Commands, and other Shared Service Providers (SSP) comply with the DoD requirements and audit response.

FMO is comprised of the following divisions:

FMO-1: Operations Management Division
Provides operational and sustainment support of all Financial Improvement Audit Readiness (FIAR) related activities within the DON. Facilitates FMO business success by ensuring an overarching alignment across Divisions by maintaining continuous communications, and providing acquisition management, budgeting and resources, and analytical support to our customers.

FMO-2: Accounting & Financial Reporting Division
Governs financial data and processes and produces accurate, reliable, and timely DON Financial Reports.

FMO-3: Audit Response Division
Institutionalizes the Navy-wide financial audit response processes. Leads the financial audit response planning, execution and reporting while promoting and sustaining financial management improvements.

FMO-4: Internal Review & Evaluation Division
Manages the DON-wide initiative to standardize the methods used to execute financial business practices that result in the posting of financial transactions across the DON Commands. Also coordinates and oversees enterprise-wide audit sustainment activities through the development and management of a comprehensive evaluation program.


 Leadership Corner


Karen Fenstermacher
Deputy Assistant Secretary

Audit Training





​For Audit Readiness videos visit the Media page.


 Quick Links

Operations Management Division (FMO-1)
Accounting and Financial Reporting Division (FMO-2)
Audit Response Division (FMO-3)
Internal Review and Evaluation Division (FMO-4)
Financial Reports and Metrics Support
Regulations and Manuals
Account Finance Policies
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Department of the Navy
Office of Financial Operations (FMO)
720 Kennon Street SE
Building 36 Ste 118
Washington Navy Yard, DC 20374

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