Past Performance & Case Studies | Valley Financial Advisors

OMB A-123 Internal Controls Assessment

Small Business Administration

🎯 Challenge

Agency required comprehensive assessment of internal controls over financial reporting to meet OMB A-123 requirements. Multiple control deficiencies had been identified in prior audits, requiring systematic evaluation and remediation strategy.

💡 Solution

Conducted entity-level and process-level control assessments across all major financial processes
Evaluated control design and operating effectiveness using COSO framework
Identified and documented control deficiencies with root cause analysis
Developed remediation roadmap with prioritized corrective actions
Provided training to agency personnel on control documentation and testing

✅ Results

Comprehensive assessment of 12 key business processes completed on schedule
Documented 50+ controls with testing procedures and evidence requirements
Prioritized remediation plan accepted by agency leadership
Provided foundation for clean audit opinion on internal controls

Financial Management Systems Review

Department of Veterans Affairs

🎯 Challenge

Agency needed independent review of financial management systems to ensure FFMIA compliance and identify opportunities for process improvement. Systems were complex with multiple legacy platforms requiring integration.

💡 Solution

Evaluated financial systems architecture against federal requirements
Assessed system controls and security measures
Reviewed data integration points and reconciliation processes
Documented system workflows and identified efficiency opportunities
Provided recommendations for system enhancements

✅ Results

Comprehensive systems documentation delivered to agency
Identified 15 process improvement opportunities
Recommendations incorporated into agency modernization plans
Supported successful FFMIA compliance determination

Overseas Operations Audit Support

U.S. State Department

🎯 Challenge

Complex overseas operations required specialized audit approach to evaluate financial controls and compliance with federal regulations in challenging operating environments.

💡 Solution

Conducted risk-based audit planning for overseas operations
Evaluated internal controls over cash management and procurement
Assessed compliance with Federal Acquisition Regulations
Reviewed contract administration and oversight procedures
Developed findings and recommendations for operational improvements

✅ Results

Audit completed in accordance with GAGAS standards
Provided actionable recommendations for control enhancements
Supported agency's risk management initiatives
Delivered findings accepted by agency management

Trade Compliance Program Review

Customs and Border Protection

🎯 Challenge

Agency required evaluation of trade compliance programs to ensure effective oversight of import/export operations and revenue collection processes.

💡 Solution

Reviewed compliance monitoring procedures and controls
Evaluated risk assessment methodologies for trade operations
Assessed internal controls over revenue collection and reporting
Analyzed data analytics capabilities for compliance detection
Provided recommendations for program enhancements

✅ Results

Comprehensive program evaluation delivered to leadership
Identified opportunities to enhance compliance monitoring
Recommendations aligned with agency strategic priorities
Supported continuous improvement initiatives

Past Performance

Representative Engagements

OMB A-123 Internal Controls Assessment

🎯 Challenge

💡 Solution

✅ Results

Financial Management Systems Review

🎯 Challenge

💡 Solution

✅ Results

Overseas Operations Audit Support

🎯 Challenge

💡 Solution

✅ Results

Trade Compliance Program Review

🎯 Challenge

💡 Solution

✅ Results

Experience Summary

Years Experience

Federal Agencies

Audits Conducted

Quality Standards

Client Testimonials

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