Audit & Related Services
A major focus of today's Federal financial management is aligning risks with compliance and performance measurement. Mandates such as the American Recovery and Reinvestment Act of 2009, the Chief Financial Officers Act, FMFIA, and OMB Circular A-123 have necessitated the development of comprehensive compliance oversight and accountability systems to ensure that operating goals and objectives are being met; and that the stewardship of Federal funds is such that the public's confidence in programs, activities, and functions is not undermined. As a result, there is a critical need for the effective oversight of Federal funds at the Federal, state, and local government levels, and oversight of Federal funds that have been awarded to non-governmental organizations in the form of grants and contracts. As a tool for continuous improvement of governmental operation, audit and related services serve to identify deficiencies, remediation activities, operating risks, and actions required to improve performance, accountability, and compliance. Over many years, Regis & Associates, PC has successfully provided a broad range of audit and related services to the Federal government and state and local governments. These services have ranged from financial statement audits and procurement systems reviews to extensive housing and transportation program oversight. We have also assisted many Federal agencies with audit preparation assistance, audit findings resolution, government purchase card audit and administrative oversight, grant and contract audits, OMB Circular A-123 audits, and developing and implementing compliance oversight programs. Some of our audit business case experience is presented below:
- Multiple audits of Emergency Preparedness Grants to states for the Department of Homeland Security - OIG
- Thrift examination serves to the Office of Thrift Supervision
- Compliance auditing services of HUD's Moving to Work demonstration program
- Auditability assessment and appropriation expenditure accounting of Iraqi Relief Reconstruction funds for SIGIR
- Financial Management Oversight reviews of state transit agencies for the Federal Transit Administration
- Contractor Assessment Reviews of Ginnie Mae contractors
- Monthly risk-based reviews of HUD's Management and Marketing contractors and maintenance of its Risk Based Targeting Module (RBTM)
- Financial management support services and OMB Circular A-123 services to the Bureau of Census
- Financial statement auditing of the District of Columbia 529 College Savings Plan
- Audit of FEMA Accountable Property used in Gulf Coast Hurricanes
- Financial audit services to the Department of State - OIG
- Compliance auditing services of HUD's Mark-to-Market program
- Numerous grant audits for the Corporation for National and Community Service and the National Science Foundation -OIG
- Government purchase card support and compliance review services to the Transportation Security Administration
- Comprehensive procurement systems review for the Securities and Exchange Commission - OIG
- Audits of Mission Assignments issued by the Department of Homeland Security relative to Hurricane Katrina
- Two Project-Based Section 8 Billing Studies for HUD under the Improper Payments Information Act of 2002
- Audit of postal installations nationwide for the US Postal Service-OIG
- Program compliance review services of the Social Security Administration's Representative Payee Program
- Comprehensive procurement systems review for the Federal Election Commission
- Real estate escrow account audits for HUD
- Disgorgement Waiver reviews/audits for the Securities and Exchange Commission - OIG
- Contract auditing services to the Architect of the Capitol-OIG
- Numerous unemployment tax audits for the District of Columbia Government
- Payroll system compliance review for the DC Water and Sewer Authority
- Compliance audit of HUD's Preservation Office relative to its Mark-to-Market program