Financial Statement Audit Solutions
Ensuring compliance, accuracy, and transparency in financial reporting is critical for any organization. Our financial statement audit consulting services help businesses and agencies navigate the complexities of financial audits with confidence.
Capabilities Include:
- Audit Readiness & Preparation: Assistance in gathering and organizing Prepared By Client (PBC) documents to streamline audit processes and reduce last-minute surprises.
- Regulatory Compliance Assessment: Ensuring financial statements align with GAO, GAAP, IFRS, and applicable federal regulations.
- Internal Controls Evaluation: Identifying and addressing weaknesses in internal control systems to mitigate risks and improve operational efficiency.
- Audit Liaison Services: Acting as a bridge between your organization and external auditors to ensure clear communication and resolution of any issues.
- Corrective Action Plan (CAP) Development: Providing strategic recommendations to address findings and prevent future compliance issues.
With extensive experience working alongside major audit firms, we guide organizations through every phase of the audit cycle, reducing stress and ensuring a smooth, efficient process.
A-123 Appendix A Audit Solutions
OMB Circular A-123, Appendix A, requires agencies to establish and maintain internal controls over financial reporting. Our specialized consulting services help federal agencies and contractors meet these requirements while enhancing their overall financial management framework.
Capabilities Include:
- Internal Control Assessments: Identifying gaps in financial reporting controls and implementing best practices for compliance.
- Audit Readiness Support: Preparing agencies for A-123 assessments by ensuring documentation and controls align with federal standards.
- Testing & Remediation: Preparing for independent testing of internal controls and assisting with corrective action implementation.
- Risk Management & Compliance Advisory: Developing risk-based strategies to strengthen financial oversight and accountability.
- Liaison & Regulatory Interpretation: Assisting with auditor communications and interpreting complex federal requirements.
With a deep understanding of federal audit requirements, we help organizations navigate A-123 compliance with efficiency and precision.
A-123 Appendix C Audit Solutions
A-123 Appendix C audits focus on improper payments and financial integrity within federal programs. Our consulting services provide agencies with the expertise needed to detect, prevent, and mitigate improper payments while ensuring compliance with federal mandates.
Capabilities Include:
- Improper Payment Risk Assessments: Evaluating programs for vulnerability to improper payments and developing mitigation strategies.
- Audit Preparation & Compliance Support: Assisting agencies in meeting Payment Integrity Information Act (PIIA) and OMB requirements.
- Corrective Action Planning (CAP): Establishing and monitoring CAPs to address findings from improper payment audits.
- Data Analysis & Reporting: Leveraging data analytics to identify anomalies, trends, and areas for improvement.
- Training & Process Improvement: Educating staff on compliance requirements and best practices to enhance financial stewardship.
We provide expert guidance to ensure federal agencies maintain accountability, reduce financial risks, and uphold public trust.