Financial Internal Control Procedures

This requirement is for internal controls services to support the OFS. The Contractor will assist OFS management with areas such as, but not limited to, designing and implementing, and maintaining an internal controls environment within a large enterprise which includes housing related programs and special authority to enter into financial agency agreements. Expertise is needed in this area to establish the disciplines and fulfill the requirements necessary for OFS to provide unqualified statements of assurance for Federal Managers' Financial Integrity Act (FMFIA) and Appendix A of OMB Circular A 123, and a statement of substantial compliance with the Federal Financial Management Improvement Act (FFMIA); and, for credit reform accounting, expert knowledge is needed of the Statement of Federal Financial Accounting Standards No. 2: Accounting for Direct Loans and Loan Guarantees. The Contractor must provide staff with expertise in designing and implementing an internal controls environment within a large enterprise, including relevant experience servicing housing-related programs and financial agent agreements, and supporting organizations operating under the Fair Credit Reform Act.