Parker & Associates - Business Consultants & Certified Public Accountants - Delivering Value-Added Service since 1992

Audit and Assurance

Parker & Associates personnel perform financial and compliance audits in accordance with the American Institute of Certified Public Accountants (AICPA) audit standards and generally accepted government auditing standards (GAGAS). Firm personnel conduct financial and accounting functions in accordance with generally accepted accounting principles (GAAP).

Services that we provide to clients include:

Financial and compliance audits

Financial audits focus on the accounting and reporting of financial transactions. Compliance audits draw on our years of regulatory experience to measure a client’s degree of compliance with government policy. We then identify areas for improvement and suggest new systems and standards to improve efficiency in accordance with generally accepted accounting principles (GAAP).

Audits of recipients of federal funds

In accordance with generally accepted government auditing standards (GAGAS), we perform rigorous audits of governmental agencies and prospective government contractors, ensuring that federal funds are always coupled with sound financial practices.

Internal control reviews

We examine the internal management controls and processes in every aspect of the business, and then make suggestions for improvement from a regulatory perspective.

Accounting services

In addition to providing a wide range of experienced, cost-effective personnel, we also perform general ledger support and assistance with banking and financing needs.

Management advisory services

Special advisory services tailored specifically to our clients’ needs in all of the broad areas of our expertise.

Government contracting support

In addition to our years of experience conducting performance audits, our government contracting support division also specializes in government and commercial contract auditing. We provide a broad range of services to our customers, including:

• Contract auditing

• Budget analysis

• Cost/price analysis

• Management information system analyses

• Audits of internal control

• Developing and writing policies and procedures for innovative auditing techniques

• Processing and approving contractor billings, and

• Identifying overpayments, and making recommendations for collections.

Our practice conducts the following types of audits:

• Incurred costs

• Price Proposals, and

• Agreed-upon procedures.

Additionally, the practice will:

• Develop audit plans and programs

• Evaluate changes in current practices, policies or managerial systems

• Make judgments and recommendations on complex or sensitive audit problem areas and situations, and

• Meet and deal effectively with contractor and procurement officers in various work situations that require various degrees of persuasion.