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LEC is assisting the U.S. Department of Justice in implementing the requirements of OMB Circular A-123, Appendix A-Internal Control over Financial Reporting. Functions performed include: documentation of controls that have direct and material effect on financial reporting, control techniques, and compensating controls, b) assessment of internal control, c) documentation of management methodology for supporting assertion as to effectiveness of internal control, and d) testing of controls to ensure that they are in place and operating as intended.
LEC’s professionals have gained experience through direct knowledge of providing similar services to federal agencies and departments. We have assisted in assessing risks, planning monitoring and developing testing, developing documentation standards, identifying key controls, control techniques and compensating controls, and assessing effectiveness of controls.
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