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Compiling OMB A-136 Compliant Financial Statements

The Financial Statements for the federal government are growing increasingly more complex. This coupled with accelerated due dates makes the effort more challenging than ever. Empirical Concepts has years of experience in preparing financial statements in accordance with OMB A-136. We assist agencies in delivering accurate and compliant reports, by providing sound advice and experience staff.

FACTS I and II Submissions

Organizations from time to time find that maintaining their bookkeeping needs is too costly to be performed in-house. Empirical Concepts is an excellent alternative. We have skilled personnel who can perform these duties in an efficient and cost effective manner. Our staff will not only perform the desired bookkeeping duties, but also provide a variety of meaningful reports and documents.

OMB A-123 Internal Control Reviews

The federal government is in a state of constant flux, making it extremely difficult for federal employees to keep up. In response to the ever-changing demands of Treasury, OMB, and Congress, Empirical Concepts has developed a variety of training programs to meet the demands of agencies. Our custom and standard courses cover Standard General Ledger (SGL), financial statement preparation, and budgetary and proprietary accounting.

 
Audit Liaison and Support

Annual Audits are necessary to ensure the accuracy and completeness of the agency’s financial reports. Due to the accelerated due dates, the audit period has extended throughout most of the year. Agencies need to address the numerous audit requests in a timely and efficient manner. Empirical Concepts assists agencies in managing, tracking and reviewing audit requests and submissions. We provide staff experienced at communicating with auditors and with all levels within an organization to ensure timely responses.

 
FBWT Reconciliation

Federal agencies encounter many obstacles and hurdles in connection with performing their Fund Balance With Treasury Reconciliations. We at Empirical Concepts understand the complexity of the challenges faced. We have extensive experience with analyzing and researching reconciling items, methods for automating the reconciliation process and tracking proposed adjusting entries. By utilizing our experience staff, we are able to effectively assist agencies in this difficult task.

   
Reconciliation of Statement of Differences

Federal agencies encounter many obstacles and hurdles in connection with performing their Fund Balance With Treasury Reconciliations. We at Empirical Concepts understand the complexity of the challenges faced. We have extensive experience with analyzing and researching reconciling items, methods for automating the reconciliation process and tracking proposed adjusting entries. By utilizing our experienced staff, we are able to effectively assist agencies in this difficult task.

   
Reconciliation of Intra-Governmental Transactions

The agencies of the federal government engage in enormous amounts of inter-governmental activity. With that also comes a challenging reconciliation process. Our experienced staff at Empirical Concepts understands the challenges agencies face and by utilizing our wealth of knowledge, we are able to assist agencies in completing their reconciliation goals.