Davis and Associates
Applying Local Solutions Globally
Audit
The focus of the firm has been on audits of Government programs and projects. We have the expertise needed to successfully conduct financial statement and program audits on any Local, State or Federal Agency or entity receiving Local, State or Federal Government funds.
- Financial Statement Audits
- Single Audits
- Incurred Cost Proposal Audits
- Audits of Costs Incurred
- Performance Audits
Other Attestation Engagements
- Assertion-based Examination Engagements
- Direct Examination Engagements
- Review Engagements
- Agreed Upon Procedures Engagements
Auditing Standards
Davis and Associates' personnel have experience performing audits to the following Standards:
- Public Law 101-576, the Chief Financial Officer’s Act of 1990, as amended by the Government Management Reform Act of 1994 (Public Law 103-356
- Public Law 104-208, the Federal Financial Management Improvement Act of 1996
- Public Law 107-347. “E-Government Act”, December 17, 2002
- GAO-09-232G, The Federal Information Systems Controls Audit Manual” (FISCAM
- GAO-21-368G, Government Auditing Standards 2018 Revision
- GAO/CIGIE Financial Audit Manual (FAM):
- Financial Audit Manual: Volume 1 (GAO-18-601G)
- Financial Audit Manual: Volume 2 (GAO-18-625G)
- Financial Audit Manual: Volume 3 (GAO-21-105127)
- GAO-14-704G “Standards for Internal Control in the Federal Government
- OMB Memorandum Revised Implementation Guidance for the Federal Financial Management Improvement Act utilizing the most updated versions of this guidance
- OMB Circular A-123, Management’s Responsibility for Internal Control
- OMB Circular A-122, Cost Principles for Nonprofit Organizations
- OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations
- OMB Circular A-136, Financial Reporting Requirements
- OMB Bulletin 21-04, Audit Requirements for Federal Financial Statements
- National Institute of Standards & Technology (NIST) and Federal Information System Processing (FIPS)
- DoD Instruction 8510.01, Risk Management Framework (RMF) for DoD Information Technology (IT)
- DoD Instruction 8500.01, Cybersecurity
- DoD 7000.14-R Financial Management Regulation
- Financial Improvement Audit Readiness (FIAR) Guidance
- Defense Information Systems Agency Security Technical Implementation Guidelines (STIGs)
- DFAS 7900.4G version 4.1.4, Guide to Federal Requirements for Financial Management Systems’
- USAID Office of Inspector General Guidelines for Financial Audits Contracted by Foreign Recipients
- USAID Acquisition Regulation (AIDAR)
- USDA OIG FNS Audit Guide: Audits of Multi-State Food Processors
- Specifications for Audits of Counties, Cities, Towns as issued by the Auditor of Public Accounts of the Commonwealth of Virginia
- Specifications for Audits of Authorities, Boards, And Commissions as issued by the Auditor of Public Accounts of the Commonwealth of Virginia
Our team, of experienced professionals, stands ready to support your audit requirements to ensure that your Agency is able to meet its regulatory mandates.
Copyright 2009 Davis and Associates Certified Public Accountants. All rights reserved.