Audit Readiness - Paratusec

Financial Improvement And Audit Readiness

Improve financial compliance through audit readiness.

Organizations face increasing pressure to deliver the same capability with fewer resources. Maximizing use of available funding and having better control of budgets and financial execution affects mission success.

Audit readiness is imperative, helps reduce costs, and allows for more efficient use of authorized funding. Now more than ever, government organizations need support to address urgent needs in financial audit readiness. Our audit readiness support services enable us to augment your team, reduce your workload, and improve your audit preparedness and outcomes.

We can help to ensure the sum of all budget authority provided equals the sum of all budget authority received, and the appropriate traceable documentation supports spending.

Capabilities:

Resources to help manage financial reporting functions, resource management, and transformation initiatives.
Staying abreast of emerging regulatory guidance combined with best-practice trends to assist organizations that have budget authority.
Developing the solutions to help achieve optimal audit readiness and financial improvement while implementing digital transformation goals and objectives.
Understanding total funding obligation authority, we help define the primary uses of those funds across the financial lifecycle and within each business process.
Improving situational awareness of historical transactions and test the ability to produce documents supporting the classification of funds within the lifecycle.
Identifying and test processes and procedures to ensure transactions are reported in the right classification.
Providing suggested recommendations for improvements to business policy, procedures, and processes where necessary.