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Acuity has audited the consolidated balance sheets of our clients in accordance with generally accepted auditing standards (GAAS). The financial statements audited include the consolidated balance sheets, and related consolidated statements of net cost, changes in net position, and budgetary resources (the financial statements).
Acuity personnel have excelled in assisting management in assessing the reliability of various financial management systems, effectiveness of internal controls, and compliance with laws and regulations. Specifically, the reviews evaluate reasonable assurance that client accounting data is accumulated, recorded, and reported properly and that assets are safeguarded.
Acuity is capable of documenting the "as is" financial business processes and developing process narratives and flowcharts while focusing on performing comprehensive risk analysis. In performing gap analysis and documenting the 'to be' business processes, Acuity is proficient in identifying agency control deficiencies, reportable conditions, material weaknesses and the development and implementation of corrective action plans. To further support the A-123 reviews, we can assist with training of personnel and conduct organizational assessments in support of the Agency's Statement of Assurance.
In order to stay on the cutting edge of financial management and audit requirements, we have been engaged in a number of efforts whereby we provide analysis, assessments, and recommendations on an organization's mission and business operations. We have reviewed and prepared draft financial management related instructions and policy documents for clients review and implementation to ensure economy and efficiency of operations.
Acuity conducts assessments of the effectiveness of general computer, application, network connectivity, and security controls to determine whether controls are designed to meet stated control objectives and overall operational effectiveness. For ineffective controls, Acuity documents and analyzes the controls and develops recommendations for the remediation of the controls. Our personnel are familiar with the GAO Federal Information Systems Control Manual (FISCAM), as well as DITSCAP and FISMA requirements to ensure compliance with required processes and procedures.
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Contact us for more information about our audit and assurance services.