Governmental

GOVERNMENTAL ACCOUNTING

Gerstle, Rosen & Goldenberg P.A. are experienced in the special needs of accounting for Federal, state, and local governmental units. We are an approved GSA Contracting Vendor. Our services include:

Financial and Performance Audits

GRG will perform financial statement audits, financial-related audits and performance audits of Federal, state and local governments and agencies as well as non-profit recipients of Federal funds requiring audited financial statements and grants such as single audits under OMB A-133. These audits will provide an independent assessment of an audited entity’s (1) financial statements in conformity with generally accepted accounting principles and GAGAS, (2) financial information, adherence to financial compliance requirements and internal controls, or (3) organization or program performance to identify areas for improvement. Financial and performance audits may include but are not limited to the following:

  • Financial statement audits
    • Audit of financial statements prepared in conformity with standards of accounting issued by Statement of Federal Financial Accounting Standards (SFFAS) and by the American Institute of Certified Public Accountants (AICPA)
  • Segments of financial statements
    • Audit financial information, e.g. statement of revenue and expenses, statement of cash receipts and disbursements, statement of fixed assets, budget requests, and variances between estimated and actual financial performance
  • Internal controls
    • Audit for compliance with laws and regulations such as those governing the bidding for, accounting for, and reporting on grants and contracts including proposals, amounts billed, and amounts due on termination claims
    • Audit financial reporting and/or safeguarding assets including controls using computer-based systems
  • Compliance with laws and regulations
  • Economy and efficiency audits
    • Assess business practices
  • Evaluate acquisition of appropriate type, quality, and amount of resources at an appropriate cost
  • Assess duplication of effort by employees and work that serves little or no purpose
  • Evaluate the optimum of resources (staff, equipment, and facilities) in producing or delivering the appropriate quality of goods or services in a timely manner
  • Evaluate compliance with requirements of laws and regulation that could significantly affect the acquisition, protection, and use of entity’s resources
  • Assess management control systems for measuring, reporting, and monitoring a program’s economy and efficiency
  • Evaluate reported measures of economy and efficiency
  • Program results and program fraud audits
    • Assess whether the objectives of a new or ongoing program are proper, suitable, or relevant
    • Determine the extent to which a program achieves a desired level of program results
    • Assess the effectiveness of the program and/or individual program components
    • Determine whether the program complements, duplicates, overlaps, or conflicts with other related programs
    • Assess compliance with laws and regulations applicable to the program

Complementary Audit Services

GRG will assist in developing questions for use at hearings, develop methods and approaches in evaluating a new or proposed program and forecast potential program outcomes. This may include but is not limited to the following:

  • Assist in development of questions for use at hearings
  • Develop methods and approaches to be applied in evaluating a new or a proposed program
  • Forecast potential program outcomes under various assumptions

Accounting

GRG will assist agencies in transaction analysis and processing, data analysis and summarization, technical assistance in devising new or revised accounting policies and procedures, classifying accounting transactions, and special studies to improve accounting operations. This section may include but is not limited to the following:

  • Analysis, process, and summarize transactions
  • Assist in devising new or revised accounting policies and procedures
  • Classify accounting transactions
  • Perform special studies to improve accounting operations
  • Resolve accounting issues
  • Resolve and/or implement audit findings
  • Improve operating efficiency and effectiveness