A-123 Internal Controls Assistance

Project Background

A federal agency client with consistently unmodified opinion outsourced majority of their accounting processing leaving only a core team to provide quality assurance. As such, the team was no longer able to provide an independent internal controls review and evaluation over the controls they now performed. Warbird was hired to assist with the full spectrum of OMB Circular A-123 internal control requirements.  Warbird reviewed processes currently in place, enhanced any required documentation, and provided independent controls testing. The goal for the project was to provide an objective and independed review and opinion on the controls in place, strengthen the process and documentation, and help the client to continue receiving unmodified opinions.

Services & Solutions

• Review Methodology of FY2017 OMB A-123 Appendix A
• Evaluation summary of ICOFR at Entity Level
• Evaluation of design at process, transaction, or application level
• Testing and evaluation of effectiveness of internal controls
• Evaluation of identified deficiencies
• Corrective Action Plan to remediate deficiencies
• Status of remediation of prior year deficiencies
• Conclusions on A-123 Appendix A Assessment
• Management Report on ICOFR to Executive Management

Outcome & Results

• Objective and independent review of internal controls
• Reasonable assurance that controls in place prevent fraud, waste, and abuses
• Continued unmodified opinion
• Continued funding of Agency