OMB A-123 Support

Compliance with OMB A-123 and effective internal controls over financial reporting (ICOFR) assure the public and Congress of the reliability and integrity of government financials. Compliance also helps agencies satisfy expectations for accountability and transparency. While compliance with OMB A-123 is often viewed as a necessary exercise, some agencies find ways to extract additional value. For example, compliance efforts can easily be leveraged by program personnel who rely on internal controls to reduce the risk of failing to meet mission objectives.

Why MorganFranklin?

MorganFranklin helps government agencies develop and sustain high-performance A-123 compliance programs. Our A-123 Invigorated^TM approach enables agencies to get more value from their efforts. It also helps reduce costs by employing a variety of strategies including insourcing, process re-engineering, and use of automated and continuous controls monitoring technology. Working collaboratively, we help clients:

Apply a risk-based approach to compliance that reduces overall costs and level of effort.
Standardize and enhance processes and systems by embedding internal controls.
Redefine and re-examine existing controls and place greater emphasis on documentation, testing, and continuous monitoring.
Leverage existing efforts to obtain more timely and accurate performance data to help executives make better decisions and identify opportunities to run programs more effectively.

Capabilities

Provide comprehensive OMB A-123 compliance support
Apply process re-engineering expertise to streamline compliance efforts
Leverage existing monitoring efforts to eliminate redundancies
Develop and implement appropriate, cost-effective, results-oriented management controls
Apply a risk-based approach for control assessments
Implement risk frameworks and monitoring tools
Develop business process controls maturity models and roadmaps
Utilize technology and tools to drive automated monitoring and testing of internal controls