CONTROL + COMPLIANCE
In today's complex regulatory landscape, maintaining robust internal controls and ensuring audit
readiness are critical for organizations receiving federal funding. DC Smith Advisory provides tailored
solutions to help you design, implement, and strengthen internal controls, mitigating risk and ensuring
compliance with federal requirements.
Control Over Compliance
We understand the intricacies of federal compliance. Our approach goes beyond simple checklists. Together, we build system-level solutions that provide lasting value.
DC Smith Advisory leverages industry-leading frameworks to design and evaluate your internal
controls:
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GAO's Green Book: Standards for Internal Control in the Federal Government
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COSO: Internal Control—Integrated Framework
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OMB Circular A-123: Management's Responsibility for Enterprise Risk Management and
Internal Control -
OMB Compliance Supplement: Providing audit guidance for federal programs.
We specialize in building and evaluating internal controls specifically for federal grants, ensuring you
meet the requirements of 2 CFR 200.303, Internal Controls. This includes:
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Identifying key compliance requirements.
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Developing and documenting effective controls.
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Testing and evaluating the effectiveness of those controls.
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Remediating any identified deficiencies.
Audit Readiness
Preparing for an audit can be a daunting task. DC Smith Advisory provides comprehensive support to ensure your organization is ready to demonstrate compliance and minimize disruptions.
Our audit readiness services include:
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Single Audit Support: Technical assistance throughout the single audit process.
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Gap Analysis: Identifying areas where your controls need strengthening.
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Control Mapping: Linking controls to specific compliance requirements.
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Corrective Action Planning: Developing and implementing plans to address audit findings.
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Effective Business Systems: Building and enhancing systems to support ongoing compliance.
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Data Validation: Ensuring the reliability of your data for audit purposes.
We focus on building sustainable, system-level solutions that provide reliable data, reduce administrative burden, and improve overall organizational effectiveness. We equip your team with the knowledge and tools necessary to maintain compliance long after the audit is complete.
Sample Work Products
DC Smith Advisory leverages a range of proven methodologies and tools, including:
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Risk Assessment Facilitation
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Control Mapping
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Gap Analysis
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Subrecipient Monitoring Toolkit
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Compliance Work Programs
These tools are applied to help you establish and maintain strong internal controls, manage risk effectively, and achieve your organizational goals while adhering to all applicable federal regulations.