FAA provides comprehensive solutions to assist organizations in meeting their financial management requirements. We increase the financial health of a business by maximizing revenue, allocating resources, and minimizing expenses. Our commercial services include:
- Financial reporting and audits
- Account analysis and reconciliation
- Internal control assessments
- Regulatory reporting activities
- Budget preparation
- System implementation-readiness activities
- Audit support and remediation
- Accounting support
- Risk assessment
- Operations management
- Training
- Policies and procedures design and documentation
Financial Audits
Our audits will identify cost savings, such as overpayments to contractors, and efficiency savings realized through revised procurement and contract management procedures. Key services include:
- Evaluating construction management procedures
- Analyzing procurement practices
- Evaluating the adequacy of contractors’ internal control structures designed to safeguard government funds and determine compliance with contract terms and conditions
- Evaluating state compliance with federal programs
- Developing and applying indirect cost rates to public projects
Program and Performance Audits
FAA provides assurance services including cost incurred audits, performance audits, pre-award audits, indirect cost rate audits, and agreed-upon procedures reviews. These audits are conducted in accordance with Generally Accepted Auditing Standards and the DCAA Contract Audit Manual.