Audit & Attestation Services
DPG is well versed in Federal auditing standards and requirements and can perform CFO Act audits, financial statement audits, compliance audits, performance audits and agreed-upon procedures that meet AICPA and Government Auditing Standards. Performing audits within the Federal Government can be a complex business, especially with ever increasing reporting requirements and auditing standards. To ensure compliance, DPG has established a Quality Assurance program consistent with AICPA standards. A copy of our current peer review report can be viewed here .
Accounting & Financial Reporting Support
The complexity of reporting requirements placed on Federal agencies has placed a significant demand on available resources. DPG has the knowledge and experience to assist Federal agencies with accounting and financial reporting needs. For example, we offer assistance in performing account reconciliations, researching and processing transactions, and preparing financial statements and related reports. DPG also maintains expertise in credit reform accounting to assist agencies in recording program subsidy transactions, re-estimates, and modifications.
In today's environment, financial reporting is a significant undertaking, which requires an understanding of myriad Federal reporting requirements (e.g., OMB Circular A-136, FASAB Standards, USSGL Guidance, the Treasury Financial Manual, and agency policies). However, understanding the standards is not enough. It is crucial that this core knowledge is enhanced by the experience of implementing such standards. Furthermore, an understanding of the entity's legislation, mission, operations, and financial systems is what helps bring a set of financial statements into a well-developed Financial Reporting package. DPG considers these options in assisting agencies with financial reporting.
Internal Control and Audit Readiness Reviews
The Federal government has always been concerned with sound internal control. With the many financial scandals throughout the private sector, and the passage of Sarbanes-Oxley Act of 2002 (SOX), the Federal government placed an even greater focus on federal agencies and departments to reevaluate current policies relating to internal control over financial reporting and management related responsibilities. Accordingly, OMB Circular A-123 was revised through Appendix A-Internal Control over Financial Reporting. OMB Circular A-123, brings to the forefront management responsibilities for establishing and maintaining effective internal control over financial reporting. DPG assists agencies in establishing sound internal control documentation, establishing and maintaining an internal control assessment program, testing controls internally, summarizing and reporting results and supporting annual assurance or similar statements at the department or division level. DPG can also assist in complying with IPIA, IPERA and IPERIA requirements.
DPG provides assistance in determining the audit readiness of a particular program, financial statement line item or other area requested by our client. We are currently performing these types of services within the Department of Defense. Our federal audit background provides us with the knowledge and expertise to advise agencies on the standards their controls and data must meet in order to achieve audit readiness. We provide recommendations on how to improve procedures, develop stronger controls, and enhance the data collection and retention process in order to become auditable. DPG also has a proven process for managing the information request process that is involved with any audit.
Budgeting
We assist agencies in assessment and improvement of the budget formulation and execution processes; conduct special reviews to resolve budget formulation or budget execution issues and provide technical assistance to improve budget preparation or execution processes.
Strategic Human Capital Management
DPG is expert in the Federal government human capital policies, programs, and practices which must support an agency's Strategic Plan. DPG assists the Office of the Under Secretary of Defense (Comptroller) comply with congressional mandates in the development of the Strategic Workforce plan for the DoD 54,000-strong financial management workforce.
Web Based Training
DPG has a proven record of successfully developing computer based training in accordance with NASBA, SCORM, and Section 508 Compliance standards that can be delivered via a web based application.
Costing and Allocation Models
With expertise in both financial management an operations research, DPG has a unique capability to develop simple, yet effective cost and allocation models for Federal managers. Our approach is to develop transparent models, train Federal employees to use them and then turn the model over to the agency to sustain.