Software and Process compliance with regulations

Public and private sector systems and procedures are subject to a host of complex legislative and regulatory requirements. Integrity Partners’ consultants have systematically distilled these requirements into comprehensive databases and then cross-mapped these to system functionality.

Here is a brief overview of relevant laws, regulations and guidance for financial systems:

Organization Relevant Law, Regulation, or Guidance
United State Congress
  • Chief Financial Officers (CFO) Act of 1990
  • Government Performance and Results Act of 1993
  • Government Management Reform Act of 1994,
  • FFMIA (Federal Financial Management Act of 1996)
  • Sarbanes-Oxley Act of 1992
Government Accounting Standards Board (GASB)
  • Codification of State and Local Governmental Accounting and Financial Reporting Standards
  • Comprehensive Implementation Guide
Financial Accounting Standards Advisory Board (FASAB)
  • Statements of Federal Financial Accounting Standards (SFFAS)
  • Codification of Financial Accounting Standards Board Standards
Office of Management and Budget (OMB)
  • Circulars A-127, A-123, A-130, and A-11
  • Bulletins 97-01 and 98-08
Department of the Treasury
  • Treasury Financial Manual
  • United States Standard General Ledger (USSGL)
Office of Federal Financial Management
  • Financial management concepts, framework, and requirements
Financial Systems Integration Office (FSIO)
  • Federal financial management systems concepts, framework, and requirements
General Accounting Office (GAO)
  • Policy and Procedures Manual for the Guidance of Federal Agencies
Department of Defense
  • Department of Defense Financial Management Regulations

Internal Controls Review and Analysis

In the public sector, we have worked with Federal agencies in assessing their internal control environment by reviewing their processes and identifying and evaluating critical controls to gauge their audit readiness.

In the private sector, our consultants have worked with organizations in reviewing and evaluating their internal control environments in support of the Sarbanes-Oxley 404 requirements. We provide assistance in documenting their key processes, identifying key risks and controls, preparing a Risk and Control Matrix (RCM) and testing the effectiveness of these controls.