Professional Standards

At DC Smith Advisory, we align our services with professional standards that ensure integrity, objectivity, and operational excellence. Our work is grounded in the International Professional Practices Framework (IPPF) issued by the Institute of Internal Auditors (IIA), which guides internal audit performance and ethical conduct. We adhere to the Generally Accepted Government Auditing Standards (GAGAS), commonly referred to as the Yellow Book, established by the U.S. Government Accountability Office. These frameworks help ensure that our risk assessments and compliance evaluations are conducted with consistency, rigor, and reliability.

To strengthen internal control environments, we integrate guidance from the Standards for Internal Control in the Federal Government (Green Book), which aligns with the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework. These standards provide a structured approach to risk management, governance, and control processes. We also reference OMB Circular A-123, which outlines federal requirements for assessing, documenting, and reporting on internal control over financial reporting.

Together, these frameworks guide how we assess risk, improve operations, and deliver value, helping our clients build systems of control that are sustainable, compliant, and performance-driven.