CFO Compliance Support

Producing accurate, reliable, and timely financial information is a critical but resource-demanding effort. As a result, federal financial managers often have little time, funding, or resources to focus on the long list of compliance requirements. A new approach to compliance is needed.

This new approach requires leveraging efforts in one area to satisfy another. It means embedding compliance activities into the normal course of operations. It also calls for demonstrating the connection between compliance and program outcomes. Compliance and performance-aware processes, systems, and people are the keys to achieving sustainable compliance at a lower cost.

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Why MorganFranklin?

MorganFranklin provides expertise and hands-on support to help agencies achieve compliance with limited budgets. Our process improvement, risk management, and systems experts work with clients to improve the processes and systems needed to achieve compliance in the most efficient manner possible. Our collaborative approach reduces organizational barriers that often lead to overlapping efforts that drive up the cost of compliance. We also emphasize training federal managers to maintain compliance programs on their own in order to reduce dependence on contractor resources.


Capabilities

  • OMB A-123 Appendix A Internal Control Over Financial Reporting (ICOFR) support
  • OMB A-123 Appendix B Government Charge Card Programs support
  • OMB A-123 Appendix C Improper Payments Elimination and Recovery Act (IPERA) support and compliance
  • Section 2 Internal Control Over Operations (ICOOP) assessment
  • Federal Information Security Management Act (FISMA) compliance
  • Federal Financial Management Improvement Act (FFMIA) compliance assessment and remediation
  • Federal Managers Financial Integrity Act (FMFIA) management control program development, assurance statement support, and compliance assessment
  • Improper Payments Information Act (IPIA) risk assessment, testing, and estimation support
  • Government Performance and Results Modernization Act (GPRMA) compliance
  • Budget and performance integration strategies and reporting
  • Technology and tools requirements analysis and vendor selection
  • Compliance training

Impact & Value

    • Increase accountability and credibility
    • Reduce cost of compliance
    • Improve overall agency program efficiency and effectiveness
    • Identify and mitigate fraud, waste, and abuse
    • Improve auditability

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