Job#: 2069991

Job Description:

Project Scope:

Our client is looking for general support with conducting a performance audit under GAGAS standards, including documenting current state processes, analyzing GAAP compliance, conducting stakeholder interviews on processes and procedures, and reporting.

Job Description:

The Performance Audit objectives will generally consist of the following:

Evaluate the effectiveness and efficiency of the process for compiling the ACFR, including an evaluation of:

• Project management efforts and the use of authority to compel timely reporting by relevant entities.
• Financial reporting instructions to relevant entities and the ability to support GAAP-compliant reporting.
• The process for compiling department GAAP entries and financial statements to prepare the ACFR, including actions taken to address previously reported internal control findings.

Assess the finance departments responsibilities and efforts to assist with the preparation of the ACFR, including an assessment of the following:

• How the fiscal and accounting policies set for departments and agencies assist with ACFR preparation.
• Whether the training provided to agencies regarding accounting principles assists with ACFR preparation, and how such training could be enhanced.

Assess the effectiveness and efficiency of the audit role in the ACFR process, including an evaluation of the following:

• Whether or not an effective and efficient audit approach has been developed. Evaluate the quantity and quality of the audit work and provide suggestions for improvement.
• Project management efforts related to audit staff assignment and timely completion of audit work.
• The quality of ACFR-related communications, including comments on GAAP departures and audit adjustments.
• Whether there is sufficient staffing to conduct the ACFR audit in a timely manner.

For a selection of up to five entities whose financial data were material to the financial statements and who did not provide timely and/or accurate financial reports in FY 2022-23, determine the following:

• Why these entities did not report GAAP-compliant financial information and journal entries within the required timeframes, and the extent to which they received technical assistance.
• Whether or not each entitys accounting office and other key units possess a sufficient understanding of GAAP to facilitate timely financial reporting.
• For each selected entity, determine what additional support, training, or other resources are required to better ensure timely GAAP-compliant reporting.

Contractor Responsibilities:

1. Independently conduct a performance audit of the ACFR preparation process as described in Section I, B. Statement of Work. In conducting this performance audit, the Contractor must follow applicable auditing standards set forth by the U.S. Comptroller General in the publication, Generally Accepted Government Auditing Standards (GAGAS).
2. Independently conduct the performance audit and independently develop findings and make recommendations for improving the ACFR preparation process.
3. Gain an understanding of the operational processes and internal controls for the ACFR preparation process, then prepare a formal, written risk assessment, audit plan, and work plan or task schedule.
4. Schedule the entrance and exit conferences, as well as any meetings needed during fieldwork.
5. Prepare workpapers in accordance with GAGAS standards for performance audits and deliver copies at the end of the audit. The Contractor shall gather and provide sufficient, appropriate evidence so an experienced independent person could review the work and reach the same conclusion. Workpapers shall include source, purpose, scope and methodology, analysis, conclusion, sufficient cross-references, and all supporting documents. Workpapers should also identify the individuals responsible for their preparation and review.
6. Independently prepare draft and final performance audit reports to document findings related to the ACFR process. These findings should detail the condition, criteria, cause, effect, and recommendation. Additionally, the Contractor shall obtain comments, perspective, and responses from relevant departments selected for audit, which the Contractor shall include in the final performance audit report.

• The audit office will review the draft audit report and provide comments to the Contractor. However, to ensure this review does not impair the Contractor’s independent conduct of this performance audit, these comments will be limited to providing perspective on the sufficiency of the Contractor’s audit work in fulfilling the objectives of this performance audit.

Collaboration:

Because the Contractor is responsible for independently conducting the performance audit and making recommendations, the Contractor’s interaction with audit staff shall be limited as follows: the Contractor will collaborate with audit staff by conducting regular meetings to discuss planning and progress in conducting the performance audit. Discussions will include any unique issues that may have surfaced during the Contractor’s audit or any logistical or access to records concerns that have arisen. The audit office will use this information to determine whether a change in scope is warranted or to take the action necessary to mitigate any logistical or access concerns. Meet all mutually agreed upon deadlines. The Contractor acknowledges that the audit office is relying on this independent performance audit for recommendations to improve the ACFR process, including the timeliness of the ACFR.

EEO Employer

Apex Systems is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of race, color, religion, creed, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), age, sexual orientation, gender identity, national origin, ancestry, citizenship, genetic information, registered domestic partner status, marital status, disability, status as a crime victim, protected veteran status, political affiliation, union membership, or any other characteristic protected by law. Apex will consider qualified applicants with criminal histories in a manner consistent with the requirements of applicable law. If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation in using our website for a search or application, please contact our Employee Services Department at [email protected] or 844-463-6178.

Apex Systems is a world-class IT services company that serves thousands of clients across the globe. When you join Apex, you become part of a team that values innovation, collaboration, and continuous learning. We offer quality career resources, training, certifications, development opportunities, and a comprehensive benefits package. Our commitment to excellence is reflected in many awards, including ClearlyRated's Best of Staffing® in Talent Satisfaction in the United States and Great Place to Work® in the United Kingdom and Mexico.

Apex Benefits Overview: Apex offers a range of supplemental benefits, including medical, dental, vision, life, disability, and other insurance plans that offer an optional layer of financial protection. We offer an ESPP (employee stock purchase program) and a 401K program which allows you to contribute typically within 30 days of starting, with a company match after 12 months of tenure. Apex also offers a HSA (Health Savings Account on the HDHP plan), a SupportLinc Employee Assistance Program (EAP) with up to 8 free counseling sessions, a corporate discount savings program and other discounts. In terms of professional development, Apex hosts an on-demand training program, provides access to certification prep and a library of technical and leadership courses/books/seminars once you have 6+ months of tenure, and certification discounts and other perks to associations that include CompTIA and IIBA. Apex has a dedicated customer service team for our Consultants that can address questions around benefits and other resources, as well as a certified Career Coach. You can access a full list of our benefits, programs, support teams and resources within our ‘Welcome Packet’ as well, which an Apex team member can provide.