CLIENT: US DEPARTMENT OF COMMERCE
Country: USA
Sector: State, Local and Federal Government
Service: Financial Management/Management Consulting
Project: Internal Control Over Financial Reporting and Programs
Project Description: To meet its fiscal, operational and public service objectives, USCB contracted with IBS for assistance with expertise and capabilities to provide reviews of the internal controls within the USCB, as well as the effectiveness of the business processes on USCB’s Internal Use Software (IUS) reporting, and assist in external audits needs over the period of performance of this contract (i.e. IUS reporting, Digital Accountability and Transparency reporting (DATA Act), other administrative reviews required by Congress and partner Federal agencies, implementation of the findings, etc.). IBS works in collaboration with the FIN and ACSD to ensure all internal controls are being performed properly. The objective of the requirements is to:
- Evaluate existing internal controls over financial reporting and programs, as well as other internal and external reviews.
- Recommend improvements to internal controls over the business processes.
- Assist with other internal and external audits.
- Assist in implementation of recommended improvements.
- Ensure knowledge transfer to internal Census employees.