Providing advisory services is a cornerstone of AOC’s business model. In today’s rapidly changing Federal financial management environment, our team of highly trained and knowledgeable employees brings the unparalleled experience necessary to meet our Federal client’s challenges head-on and provide the leadership to implement successful solutions. AOC advisory services are focused on implementing entity wide changes that assist our Federal customers in remaining compliant with Federal statues, mitigate unwarranted risk, and maximize efficiency in financial processes.
AOC brings significant Federal experience and knowledge of Federal policy over financial processes. These skills ensure compliance with all related regulatory guidance such as FASAB concepts and standards, OMB Circulars, GAO’s Yellow Book, and the Treasury Financial Manual. Our senior staff is comprised of four former Federal CFO’s, Certified Defense Financial Managers (CDFMs), CGFMs, and CPAs who are well versed in Federal financial policy and prepared to assist Federal agencies with the interpretation and implementation of these policies.
Risk management and mitigation planning is an integral component of AOC’s project management process. Our project managers implement formal risk management processes to monitor the performance of our customers. Risk management and control activities start in the early planning phases and continue throughout closeout. Our staff brings the expertise to identify, document, and mitigate risks before they become substantial.
As laws applicable to Federal finacial management processes change, Federal agency processes must be adaptive in order to remain compliant. AOC has extensive experience assessing, drafting, and updating policies and procedures that comply with the hierarchy of accounting principles. Our approach is a multi-step approach involving documenting current “as is” processes, mapping current processes to pertinent policies, documenting key gaps, and re-engineering processes to comply to applicable laws while maintaining efficient operations.
AOC provides experience with navigating our clients through successful resolution of material weaknesses, audit findings and recommendations, and other control deficiencies. AOC’s team has credentialed accountants and former auditors who understand both the client and the auditor’s perspective. The process implemented by AOC involves creation of robust corrective action plans that detail the activities to be performed and milestones to achieve toward remediating weaknesses.
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