DEFENSE SERVICES
Full Financial Statement
Audit Readiness, Response and Remediation
United States Department of Defense Uniformed Services University of Health Sciences
Client Challenges
The Uniformed Services University of the Health Sciences (USUHS) is mandated to meet the requirements set forth in the Chief Financial Officers Act of 1990, the Government Management Reform Act of 1994, and the National Defense Authorization Act of 2010.
1 of 2
USUHS required support in its financial improvement and audit readiness process to meet those requirements.
2 of 2
BDO's Solution
Supported USUHS in the documentation of Assessable Unit business processes (via flowcharts and narratives), identified
key risks and control gaps, led corrective action development and implementation to address audit impediments. Reported to OUSD and the Office of Inspector General (OIG) in accordance with each phase of the Financial Improvement and Audit Readiness (FIAR) strategy.
Developed internal control matrices for Assessable Units to align controls.
Developed key Supporting Documentation (KSD) matrix for applicable Assessable Units.
u
u
Value Delivered
© 2022 BDO USA, LLP. All rights reserved.
RETURN TO BEGINNING
Developed internal control matrices for USUHS assessable units to align controls to the applicable Financial Reporting Objectives (FROs) listed in the FIAR Guidance.
Developed and implemented standard operating procedures (SOPs) across 25+ business processes to address audit impediments driven by inconsistent business processes across the enterprise.
Developed internal processes to manage the receipt, tracking, coordination and response to all audit Provided by Client (PBC) requests received from the external auditors.
Improved organizational knowledge by developing and delivering enterprise-wide audit readiness trainings covering Balance Sheet and Statement of Budgetary Resources line items.
