Our experience covers a wide range of financial statement audits, operation systems review, management consulting, taxation, risk assessment and assurance service in federal, state and local Governments, Profit and Non-profit organizations, as well as public as accounting. We have listed on the following pages a sample of our experience which demonstrates our capabilities.
U.S Department of transportation, federal Aviation Authority (FAA)-
Assisting FAA in budget preparation, formulation and execution; provide technical support in program, budget and accounting analysis; Develop Agency budgetary policies, standards, systems and procedures.
UNIVERSAL SERVICE ADMINISTRATION COMPANY (USAC)-
As a subcontractor to a multinational CPA firm, provide assistance with attestation work performed at various telecommunications carriers/ providers related to their high cost support from the universal service fund throughout the United States.
FEDERAL COMMUNICATIONS COMMISSION (FCC)-
As a subcontractor to a Multinational CPA firm, performed audit for the financial statements as of and for the fiscal year ended September 30, 2008.
WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY (WMATA)-
As a subcontractor to a Multinational CPA firm, performed audit for the financial statements as of and for the fiscal year ended September 30, 2008.
U.S. DRUG ENFORCEMENT ADMINISTRATION (DEA)-
As a subcontractor to Another CPA firm, performed financial statement and consulting services.
U.S. DEPARTMENT OF Housing and urban development (HUD)-
As a consultant, performed chief financial officer (CFO) act under another CPA firm.
DISTRICT OF COLUMBIA HOMELAND SECURITY AND EMERGENCY MANAGEMENT AGENCY (HSEMA)-
Conducted performance Audit of District of Columbia homeland security and emergency operations in accordance with the U.S Government accountability office Government Auditing standard (GAGAS) Assessed the District of Columbia homeland security and national incident management systems.
UNIVERSITY OF THE DISTRICT OF COLUMBIA FOUNDATION, INC.
Assist in accounting and financial consulting.
UNIVERSITY OF DISTRCIT OF COLUMBIA
Perform review of department of education’s Tittle III program Evaluation.
DISTRICT OF COLUMBIA CHAMBER OF COMMERCE FOUNDATION INC.
Perform financial statements and A-133 audits.
NATIONAL ASSOCIATION FOR THE ADVANCEMENT OF COLORED PEOPLE (NAACP)- National Voter Fund.-
Performed financial statements and review of contacts
THE NEW SCHOOL FOR ENTERPRISE AND DEVELOPMENT PUBLIC CHARTER SCHOOL
Performed financial statements and yellow book audit under another CPA firm.
MORGAN STATE UNIVERSITY
Perform review of Tittle III program CPA firm.
ASSOCIATION OF GERONTOLOGY AND HUMAN DEVELPOMENT (AGHD)
Perform financial statements and yellow book audits under another CPA firm.
GREATER WASHINGTON URBAN LEAGUE (GWUL)
As a consultant to Samlin Consulting, a sub-contractor to TCBA performed financial statements and yellow book audits.
ALL AMERICA MORTGAGE, INC.
HUD FHA and OMB Circular A-133 Audits per GAAS, GAS/ GAO Yellow and HUD’s application standard.
Performed review of the systems of quality control for the accounting and audit practice of the firm.
OTHER PEER REVIEW CLIENTS
NAACP- National Voter Fund
Financial Statements audit- National Association for the advancement colored people- National Voter Fund is a non-profit and social welfare organization providing voter education and mobilization programs to people of colors in the community.
We audited the financial statement and reviewed controls on the various voters programs.
The audit report was issues in accordance with applicable programs. NAACO- National Fund has been on our engagement list since 2002.
INSTITUTE FOR BEHAVIOR
Change and research, Inc.
Financial Statement and A-133 Audits- performed statements, yellow book and A-133 audits for institute for behavioral Change and Research, Inc. A non-profit organization providing health related service to individual and needy families in the District of Columbia (Washington, D.C). The audits were performed in accordance with generally accepted auditing standards (GAAS), Government Auditing standards of transaction relating to clients program, assessment of controls and compliance with laws, regulations, contract agreement and grant provision. The reports were issued on financial statements and under the GAS/A-133 Audit guide that combine the reporting on compliance and internal controls. The organization has been on the firm’s engagement list since 2002.
PSYCHIATRIC CENTER CHARTERED, INC.
Financial Statement Audit- perform annual financial statement audit for the psychiatric center chartered, Inc. A non-profit organization providing mental health service to residents of the Washington, D.C. metropolitan area.
The audit was conducted in accordance with general accepted audit standards (GAAS), the contract agreement and provisions. We performed the review of the contract requirements and tested the accuracy of the program’s expenses and contract revenue. We assessed the internal control and compliance with applicable contract requirements. The audit report was issued in accordance with applicable standards.
LIFE STRIDE, INC.
Financial statement audit- Performed annual financial statement audit for life stride, Inc. as for profit organization, providing resident healthcare service to mentally ill audits with professional guidance and supervision in the Washington D.C. metropolitan area. The audit was conducted in accordance with general accepted auditing standard (GAAS), and the contract requirements. We reviewed contract requirement and test the accuracy of the program’s expenses and contract revenue. We accordance with applicable standards.
ALL AMERICA MORTGAGE, INC.
Financial statements and A-133 Adult- performed financial statements audit for all America mortgage, Inc. All America mortgage, Inc. is Mortgage Company providing residential mortgage financing service through the federal housing authority (FHA) to prospective home buyers. The audit was conducted with accordance general accepted auditing standards (GAAS) Government auditing standards (GAO’s Yellow Book) issue by the Controller General of the United states of America, and consolidated audit guide for audits of HUD programs( the Guide) issued by U.S. department of Housing and urban development, office of the Inspector General (OIG). The report was issued in accordance with Government Auditing standards (GAS) and HUD’s applicable standards. The reports and all information supporting the audited financial statements were submitted electronically, using HUD’s Lender Assessment Sub-system (LASS) via the FHA connection.
ACCREDITATION COMMISSION FOR ACUPUNCTURE AND ORIENTAL MEDICINE (ACAOM)
Compilation of financial statements- Performed financial statements compilation for ACAOM. The service involve compiling the annual financial statements from the information provided by the clients in accordance with statements on the standards for accounting and review service (SSARS) issues by the American institute of certified public accountants.
SEAT PLEASANT DRUG, INC.
Compilation of financial statements- Compiled and presented the financial statements from financial information provided by the clients in accordance with statements on standards for accounting and review service (SSARS) Issued by the American institute of certified accountants.
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (ASSISTANCE WITH FINANCIAL STATEMENTS REPARATION)
Performed a review of performance accountability report (PAR under Ofori & Associate, PC, for the U.S Department of Housing and Urban Development (HUD). The review involve analysis of HUD’s annual financial statements and accompanying notes for compliance and presentation. Prepared analysis of balance sheet and statement of changes in net position. Assessed HUD’s reporting and discloses compliance, using the certificate of excellence in accountability reports (CEAR) Guideline and the requirement of OMB circular A-136 (Financial reporting Requirement for federal financial and reporting standards). CEAR program guidelines are prescribed by the association of government accountants (AGA), and updated to reflect any update presented in OMB circular A-136 (revised July 2006). Identifies best practices by review prior fiscal year program wardresses financial statement and disclosures. Determined HUB’s progress with respect to implementation of prior year recommendation on financial statements preparation.
The general purpose of AGA’s CEAR program is to improve financial and accountability through effective, integrated and user-friendly performance and accountability reports. Standard setting bodies (i.e. office of management and budget) OMB, General Accounting Office (GAO), the congress and other federal regulations) recognize the CEAR award as evidence of a comprehensive presentation of an agency’s programmatic and financial result.
U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT (UNSAID)
Performed grants audit under Benjamin & associates for the UNSAID. UNSAID provided approximately $7.5 million to grantee organizations under various assistance programs for developing countries in Africa and Central America. The audit also included assessment of control program and compliance governing claims for advances and reimbursements.
U.S. SMALL BUSINESS ADMINISTRATION (SBA)
Perform a loan sale closeout review for the SBA. The engagement was performed under Sakyi & Associates, PC.
DISTRICT OF COLUMBIA DEPARTMENT OF HEALTH AND HUMAN SERVICE
Reviewed grants agreement for the D.C. department of mental health and human under Sakyi & Associate, PC. The review was conducted in compliance with grant agreement and requirements. The engagement also included a review of involves submitted by the grantee for payment on cost reimbursement basis.
MORGAN STATE UNIVERSITY, BALTIMORE
Performed review of Tittle III program for Morgan University under Benjamin & associate. Morgan state university receives grants financial assistance from the U.S. department of education Tittle III program for academic support and education programs enhancement. Also performed evaluation of the program and the related budgets.
The review was conducted in accordance with OMB Circular A-133, and the report was prepared to satisfy the applicable standards and requirements. The entitle audits of Institution of higher learning and Non-profit organization.
ASSOCIATION OF GERONTOLOGY AND HUMAN DEVELOPMENT (AGHD)
Performed financial statements and yellow book audits for AGHD under Benjamin & Associate. The audits were conducted in accordance with generally accepted Auditing Standards (GAAS), Government Auditing Standards (GAS) issued by the controller General of the United States, and provision of the office of management and Budget (OMB) Circular A-133 entitled Audits of institutions of higher learning and nonprofit organizations.
Performed recovery audits for NCI WorldCom. The audit result in the recovery of $1,7 Million in duplicate payment and overpayments to vendors and state tax agencies. Our accomplishment on this project resulted in a complete overhaul of the organization payment system. The audit was performed as a staff at MCI WorldCom.
GREATER WASHINGTON URBAN LEAGUE (GWUL)
Performed financial statements and A-133 audits for greater Washington Urban league as a consultant at Samlin Consulting, a sub-contractor to Thompson, Cobb, Bazillo & Associate (TCBA), PC. The audits were performed in accordance with generally accepted auditing standards (GAAS), Government audit Standards (GAO’s Yellow Book). The audits included test of transaction relating to GWUL’s programs, Assessment of controls and compliance with laws and regulations. The reports were issues on the financial statements under the GAS/A-133 audit guide that combine the reporting on compliance and internal controls.
METROPOLITAN WASHINGTON AIRPORT AUTHORITY
Construction Change Order Audit- perform change order construction project of metropolitan Washington airport authority. The audit included review of progress payments relatives to associated change orders and review of contract terms to determine that change orders were proper and that payment were in accordance with contracting terms. Total value of change orders reviewed was in excess of $200,000.00.
SOLE SOURCE CONTRACTING-
Performed Audit of sole contracting to determine that sole source contract were awarded in accordance with Metropolitan Washington Airport Authority Sole source policies and procedures. Total value of contracts reviewed was in excess pf $3,000.000.
LOCALLY DISADVANTAGES BUSINESS ENTERPRISE (LDBE)-
The audit of the LDBE program included a review of the LDBE certification process, contract allocation process to LDBE subcontractors, prime contractor’s payment records and contracts monitoring process. Total value contract reviewed was in excess of $15,000,000.
DISADVANTAGES BUSINESS ENTERPRISE (DBE)- Performed audit of disadvantaged business enterprise. Total amount of contract review was in excess of $7,500,000
Construction Progress Payments-
performed audit of the construction progress payment to determine that progress payments were in accordance with contract terms, payment were accurate, change orders were properly segregated and that’s supporting documentation was adequate for the payment being requested by the contractor. Total value of contracts review was over $52,000.00
FULL & OPEN COMPETITION -
the full and open competition was performed to ensure that authority contracting policies and procedures relatives to full and open competition were adhered to. The total requested by the contractor. Total values of the contract reviewed was over $75,000,000
CITY OF RICHMOND
Parking Garage Audit- Performed parking Garage audit of the city of Richmond under the City’s parking garage agreement with Marriot Hotel. The audit involved review of financial transaction underlying the parking fees agreement between the city of Richmond, The Richmond redevelopment and housing authority (RRHA), the Broad street community development authority (CDA), Standards parking, and the Richmond Marriott. The audit also included review of over nineteen separate agreements and amendments related to the parking fees arrangement between the parties. The audit was conducted in accordance with the government accountability office’s Government of the reimbursement payment made RRHA by parties to parking fees agreement. Total parking revenue was in excess of $1,700.00
LOUDOUN COUNTY AUDIT
Performed control assessment and review of the budgetary, encumbrance and processes of Loudoun County and the Loudoun county public schools. The process involve understanding of budgetary and encumbrance process for both the county and the school systems. Total value of item test was in excess of $60,000.000
DISTRICT OF COLUMBIA
Review District of Columbia public school personnel pool determine accurate count of personnel in the payroll systems. Also reviewed the D.C. department pf mental health’s effort to award management contract to an administrative service organization to manage its mental health program.
VIRGINIA DEPARTMENT OF TRANSPORTATION
Dulles Toll Road- Performed annual audit of the Dulles Toll road for the Virginia department of transportation (VDOT). The purpose of the audits was to ensure that cash receipts are properly safeguarded.
CHANGE ORDER SURVEY/REVIEW-
performed an in-depth review of the change order progress at the agency. The purpose of the survey was to gain understanding of current VDOT practices related to then change order process, and to develop a flowchart as well as written assessment of the process, identify key controls, control weakness and develop and audit program that is universal in nature for use in all different region of the agency.
Construction Audit – performed construction audit for the Virginia department of transportations to include the Salem route 460 audit, Staunton Route 760 Audit the Bristol audit.
ADMINISTRATIVE AND INVESTIGATIVE AND PROGRAM AUDITS-
performed program audits; investigate allegation related to the governor’s fraud wasted and abuse hotline; assisted VDOT management in other management reviews assisted or conducted presentation on internal controls.
Government accounting standard board number 34 (GASB No. 34)-
Provided support to operating departments in the understanding and implementation of GASB No. 34.
The GASB statement establishes new requirement for the annual financial reports of state and local governments. The primary purpose was to make the report easier to understand and more useful to the legislator, investors, oversight bodies, creditors and the general public. Support provided included training, and review of managements proposed plan for implementation.
COMMONWEALTH OF VIRGINIA
DEPARTMENT OF TRANSPORTATION- performed best practiced review of the department of transportation under the auspice of the Virginia department of state internal auditors. The purpose of the review was to determine the best practice processes that can be integrated into the agency to help management provide world-class service to the citizens of Virginia. The review resulted in more than $133 million dollars in cost saving to the agency. Also helped to monitor the progress and identify pitfalls in Eva (Virginia Web based purchasing systems). Experience in consulting, analysis of control and processes and ability to identify efficiencies and benchmarking where necessary for successful completion of this project.
DEPARTMENT OF MEDICA ASSISTANCE SERVICE –
Identify control weaknesses, review control and processes, benchmark identified processes, identified cost savings and recommend alternatives where necessary. The department of medical assistance has over one billion dollars annual budget. The review process resulted in re-organization and refocusing of the agency to better delivery service to the Commonwealth of Virginia.
DEPARTMENT OF SOCIAL SERVICE –
Identifies control weaknesses, review controls and processes, benchmark identify processes, identify cost savings, and recommend alternatives where necessary. The department of social services has over a billion dollars of annual budget. The review process resulted in re-organization and refocusing of the agency to better deliver service to the commonwealth Virginia.
VIRGINIA TOURISM AUTHORITY -
Identified control weaknesses, review controls and processes, benchmark identified processes, identified cost savings, and recommend alternatives where necessary. The review processes resulted in re-organization and refocusing of the agency to better deliver service to the commonwealth of Virginia.
DEPARTMENT OF EDUCATION –
Identified control weaknesses, review controls and processes, benchmark identified processes, identified cost savings, and recommend alternatives where necessary. The review processes resulted in re-organization and re-engineering of the agency’s processes to better deliver program services to the Commonwealth of Virginia.
DEPARTMENT OF CORRECTIONS –
Identified control weaknesses, review controls and processes, benchmark identified processes, identified cost savings, and recommend alternatives where necessary. The review processes resulted in re-organization and refocusing of the agency to better deliver service to the Commonwealth of Virginia.
VIRGINIA AGENCY AUDITS –
Performed audit of the Department of Minority Enterprise and other small state agencies with no internal audit staff. The purpose of the audits was to ensure that small agencies met their control objectives to adequately safeguard states assets. Some of the audits performed included audit of Virginia ports authority, Virginia State of elections, and the minority business enterprise.
FRAUD WASTE AND ABUSE INVESTIGATION –
Investigated several allegations brought under the Governors’ fraud waste and abuse hotlines when such allegation involved agency’s top management.
NORFOLK SOUTHERN CORPORATION LAMBERT POINTS DOCK –
Perform annual audit of the Lambert points dock, a 100% owned subsidiary pf Norfolk Southern Corporation with annual income of over $40,000,000. The audits identified several opportunities for improvement with recommendations that were accepted and implemented by management.
POCAHONTAS LAND POCAHONTAS CORPORATION –
Performed annual audits owned subsidiary of Norfolk Southern, Pocahontas land Corporation and Pocahontas development Corporation with combined net income of over $60,000,000. During this period, the audit team identified several control weaknesses and provided recommendations which were accepted and implemented by the management.
OPERATIONAL AUDITS –
Performed operational audit of various Norfolk Southern Divisions including the Kentucky Division, the Kentucky Division, Tennessee Division and the Alabama Division. Audit were performed to enhance operational efficiency. Hence, knowledge of best management practice was required for this audit.
DUE DILIGENCE REVIEW –
Involved in the due diligent review by Norfolk Southern Internal audit after the acquisition of Conrail by both CSX Railroad and Norfolk Southern Corporation.
FINANCIAL AND INFORMATION SYSTEMS AUDITS –
Performed several financial audits including payroll, capital assets, and treasury functions of Norfolk Southern Corporation. Assisted the Information systems groups within the internal audit department in their audit of organization’s information systems to identify security issues and opportunities for improvement. Also assisted the company’s external auditors in annual audit of the company’s financial statements including that of America Van Lines, a wholly owned subsidiary of Norfolk Southern Corporation.
CAPITAL ACCOUNTING –
Performed monthly, quarterly and annual reconciliations of asset accounts and capital inventory tracking of Norfolk Southern’s Capital Accounting Department. Also tracked work in progress of capital assets up to the point of capitalization including land, and other asset sales and asset retirements to ensure proper recording and to maximize tax benefits.
Assisted the tax department in the preparation of federal, state and local government taxes for unconsolidated subsidiaries of Norfolk southern Corporation. Also prepared various tax adjustments for installation payments for tax return purposes, computation of deferred income taxes in conformity with FASB statement number 96 ( Accounting for income Taxes), and analysis of relevant book entries to determine tax implications.
-Other Complimentary system / Technology reviews
U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES
GAO’S FISCAM AUDIT –
Performed information systems review using Government Accountability Office’s (GAO’s) Federal information system Control Audit Manual (FISCAM). The review was performed as a sub-contractor to Clifton Gunderson, LLP. The review was part of CFO act audit for Medicare and Medicaid program information systems review. Also performed a review of general and application controls, systems security, back-up and recovery plans, service continuity and separation of duties.
Review policies, procedures and documentations on application change control of the third party provider (Blue Cross Blue Shield).
SAS 70 REVIEW –
Performed SAS 70 review of provider’s systems under Sakyi & Associates, PC as a sub-contractor to Clifton Gunderson, LLP. Reviewed general and application policies control, system security, access operation and a test of operating effectiveness. Performed a review of security controls to protect on both stored records and electronic data interchange (EDI) transaction. Review system documentation on applications were change control of the third party provider (Mutual of Omaha Insurance Company). These examinations were performed in accordance with statement on auditing standards (SAS) Number 70, reports on the processing of transactions by service organizations, AU section 324, as well as standards established by the American Institute of Public accountants.
OMB A-127 FINANCIAL MANAGEMENT SYSTEMS AUDIT –
Performed information systems audit using the guidelines of OMB A-127, financial management systems (FMS). The audits was performed under Sakyi & Associate, PC, as a sub-contractor to Clifton Gunderson, LLP. The audit also included review of core accounting systems of DHHS for compliant with the Joint Financial management improvement program (JFMIP) core financial systems requirements. Tested general ledger controls, fund management controls, accounts payable controls, general and application controls, program change controls, administrative controls, and security controls.
OMB 123 INTERNAL CONTROL ASSESSMENT –
Performed testing of IT general controls, application controls, and compensation controls, using OMB Circular A-123, Appendix- A (Internal Control Assessment).
The audit was performed under Sakyi & associate, PC, as a sub-contractor to Clifton Gunderson, LLP. Identified and tested significant business process controls including financial reporting system, receivable and payables management, costs and payroll management. The approach for testing key controls was through Inquiry, Inspection, Observation, and re-performance. Identified deficiencies, prepared a comprehensive report on the overall assessment of the organization’s internal controls, and made recommendations to management for use in internal controls over financial reporting.
Reviewed IT policies, standards, controls, disaster recovery plan and business continuity plan. Also reviewed systems development, acquisition and maintenance- preformed review of requirements definition, process re-engineering, system security, and data warehousing. The review was performed as a staff at MCI WorldCom.
TAX & ACCOUNTING SERVICES
DISTRICT OF COLUMBIA COMMUNITY DEVELOPMENT PROFIT CENTER –
Organized tax seminars through District of Columbia community development profit centers. Seminars are provided on an annual basis to educate the community on their civic responsibilities, the benefits filing and consequences of not filing.
ACCOUNTING, TAXATION, MANAGEMENT AND CONSULTING. –
Provided accounting, taxation and management Advisory consulting services to various clients in the D.C metropolitan area. Prepared federal, state and local tax returns for business and individuals, not for-profit organizations, estate and fiduciary returns.
Researched and resolved complex tax issues for clients, corporates, individuals, and partnership. Also assisted clients with strategic year-round tax planning and implementation. Advised client’s management regarding effects of taxation on business activities and strategies for minimizing tax liabilities. Helped clients to comply with periodic estimated tax payment, information reporting and other taxing authority.
INTERNAL REVENUE SERVICE REPRESENTATION –
Provided representation to clients with tax issues with the Internal Revenue Service (IRS) as well as clients with administrative hearings.
ACCOUNTING SYSTEM AND INTERNAL CONTROLS –
Analyze contractor’s accounting systems and internal controls to determine adequacy of accumulated cost in accordance with government contracting requirements.
Reviews contractor’s labor rates and system of allocation for adequacy of labor costs and compliance with labor policies and procedures.
Samson T.A. & Associates
125-A L St SE
Washington, DC 20003
Phone: 202 595 9369
Vision - serve our clients, employees, and the communities through excellence.
Mission - provide professional services that assure the fairness of information that users can rely on.
Value - provide service and deliver product that add values to our clients' organization.