Services
Audits and related services
Federal financial statement audits, performance audits, internal control reviews and grant close-outs, held to GAAP, GAAS and Government Auditing Standards.
What is an OMB Circular A-123 internal control review?
OMB Circular A-123 sets out federal agency management's responsibility for internal control. An A-123 review tests whether an agency's controls over financial reporting and operations are designed well and working as intended, and documents any deficiencies so management can fix them.
Confidence in your financial reporting
Whether a company is public or private, it is essential that all of its stakeholders — management, lenders, investors and others — have confidence in its financial reporting.
Our audit and assurance practice adheres to generally accepted accounting principles (GAAP) and generally accepted auditing standards (GAAS), and to our own rigorous internal guidelines for preparation methods, data handling and delivery.
Audits & Related Services
Service areas
12 areas where our team can help.
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Chief Financial Officers' Act audits
Financial statement audits of federal agencies required under the CFO Act of 1990.
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Performance audits
Independent assessments of whether a program is meeting its goals efficiently and effectively.
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Housing program compliance
Reviews of housing programs against the regulations and agreements that govern them.
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Auditability assessments
An honest read on whether an organization's records and controls are ready for a financial statement audit.
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Audit preparation assistance
Hands-on help getting schedules, documentation and controls ready before the auditors arrive.
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Improper Payments Act audits
Reviews that identify, measure and help reduce improper payments in federal programs.
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Contract and grant auditing and close-out
Audits of contract and grant costs, and support for closing awards out cleanly.
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Program compliance reviews
Testing whether a program is operating in line with its laws, regulations and terms.
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Recovery audits
Finding and recovering overpayments made to vendors and contractors.
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Internal control reviews / A-123
Evaluating internal control over financial reporting and operations under OMB Circular A-123.
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Agreed-upon procedures reviews
Targeted procedures agreed in advance, reported as factual findings.
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Transportation audits
Reviews of freight and transportation charges for billing errors and overcharges.
Common questions
Which auditing standards do you follow?
Our audit practice adheres to GAAP and GAAS, and we take extra steps to meet and exceed the standards set by Government Auditing Standards and the AICPA, following criteria established by the GAO.
Do you audit federal agencies?
Yes. Our services include Chief Financial Officers' Act audits, performance audits, Improper Payments Act audits and OMB A-123 internal control reviews.
Our other practices
- Accounting & AssuranceAccounting and auditing provide the financial backbone for businesses and nonprofits, giving them accurate, complete data to chart their course.
- Business AdvisoryBecause we're business advisors as well as accountants, we've helped many of our clients realize their dreams.
- Government contractingCapability statement, NAICS codes and federal standards.
Insights
Related insights
Plain-English guides to federal financial management.
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Internal control
What is an OMB Circular A-123 internal control review?
OMB Circular A-123 makes federal managers responsible for internal control. Here is what an A-123 review covers, how it runs, and what…
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Payment integrity
Improper payments: what federal programs need to know about payment integrity
The Payment Integrity Information Act of 2019 requires agencies to find, measure and reduce improper payments. A plain-English guide to how it…
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Audit readiness
Is your agency ready for a financial statement audit? An auditability checklist
A practical checklist for federal entities preparing for a financial statement audit under the CFO Act: records, reconciliations, controls and the request…
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Need our services?
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Monday – Friday: 9:00 AM – 5:00 PM