Audit & Assurance
Audit & Assurance
Meeting audit requirements and audit readiness deadlines is critically important across all government agencies. Acuity works in partnership with clients and teaming partners to get the job done right.
Audit and Audit Readiness
As a CPA and professional services firm, Acuity has been providing audit and assurance services, including Financial Improvement and Audit Readiness (FIAR) support, to DoD clients for over 10 years. Our experience gives our clients the confidence that the audit and audit readiness activities we support will be effective in meeting their needs and schedule. We apply Federal Accounting Standards Advisory Board (FASAB) standards in our audits and audit readiness support activities. As an audit firm, our work is in compliance with Generally Accepted Government Auditing Standards (GAGAS) or “Yellow Book” guidance issued by the Government Accountability Office (GAO). We also follow the guidance jointly issued by the GAO and the President’s Council on Integrity and Efficiency (PCIE) in the Financial Audit Manual (FAM). Our IT auditors adhere to the GAO Federal Information System Controls Audit Manual (FISCAM) and other appropriate guidance.
Financial statement audits
CFO Act audits
OMB Circular A-123, Appendix A
Acuity helps government agencies develop and sustain high-performance A-123 compliance programs. Our approach enables agencies to get more value from their efforts. We work collaboratively with our clients to apply a risk-based compliance approach to reduce the level of effort and overall cost; standardize and enhance internal controls; leverage existing efforts to obtain improved performance data to support executive decision-making processes; and redefine and examine existing controls.
Internal Control Assessments
We provide our clients with risk-based internal control assessments, business process controls mapping, and Internal Controls over Financial Reporting (ICOFR) support to meet Financial Improvement Plan (FIP) needs. We use the Committee of Sponsoring Organizations of the Treadway Commission (COSO) model as a basis for evaluating the effectiveness of a client’s system of internal control. We identify control strengths and weaknesses and work with our clients to understand the best way to undertake an assessment of their internal control processes and organizational structure.