Protecting the public trust. Spending taxpayer monies efficiently. Helping communities recover from natural disasters. For federal, state, and local agencies today, efficiency, transparency, and clearly defined checks and balances are of utmost importance. CohnReznick's Government and Public Sector practice is highly experienced and specially trained in the operations, processes, regulations, and reporting requirements of public entities - and committed to going beyond compliance to proactively improve risk management and accountability practices.
Federal, state, and local government and public organizations engage CohnReznick for guidance on a variety of issues. We have direct knowledge of government audit and accounting standards, financial regulations, compliance requirements, program and project management needs, and disaster response and recovery support. Our clients value our ability to deftly navigate complex inter-agency issues and relationship management. We provide:
AN OPTIMAL BLEND OF SKILLS
Our Government and Public Sector practice is composed of highly skilled accounting, audit, tax, and advisory professionals. We offer services tailored to your industry including:
- Forensic consulting
- Fraud detection and prevention
- Internal auditing
- IT auditing and security
- Program and project management
- Regulatory and strategic compliance
- Risk management
- Technology consulting
OUR “ZERO RISK” PLEDGE
High service, technical expertise, rapid deployment of resources, and a collaborative work ethic contribute to excellence and are designed to eliminate risk. As part of this proposition, the team you meet on day one will stay with you throughout the entire life cycle of your engagement with us.
A GO-TO EXPERT IN THE INDUSTRY
With our frequent presence on Capitol Hill advising legislation across our core competencies, we understand how the government and public sector functions. Our team is fully versed in existing standards, pending regulations, reporting and auditing standards — often contributing to the discourse as the industry evolves. As a sought after contributor we publish extensively — offering white papers, articles, and other thought leadership for government and public organizations.
CohnReznick addresses complex audit, accounting, compliance, and financial reporting issues through practical, cost-effective solutions that ensure the intended use of taxpayer dollars. Our specialized services include:
DISASTER RESPONSE AND RECOVERY
When natural or man-made disasters strike, establishing access to government funding sources and managing an efficient and transparent deployment of those funds is essential to recovery. Leveraging a multidisciplinary team of certified fraud examiners and experts in project management, safety and construction, engineering, and advisors who’ve held among the highest positions in the U.S. government and military, we’ve provided boots-on-the-ground assistance, cross-agency coordination, policy interpretation, audit readiness, and financial preparedness services for some of the most time-sensitive and closely scrutinized disasters in recent history. Our services cover FEMA, HUD, and Stafford Act compliance.
GOVERNMENT & Contract AUDITS
Navigating the complex web of federal and state accounting standards, financial regulations, and information system auditing standards, our extensive team of Yellow Book trained professionals conducts more than 1,200 contract, financial, improper payment, operational, and performance audits each year. In addition, we have experience with the Federal Managers Financial Integrity Act (FMFIA) and the Federal Financial Management Improvement Act (FFMIA). All of our professionals are required to adhere to the PCAOB, AICPA, applicable state CPA societies and boards of accountancy, state statutes, and the Yellow Book and GASB regulations.
In conjunction with our Government Contracting Industry Practice, we provide contract audit services to civilian agencies in the three major areas that they require: incurred cost proposals, pricing proposals, and contractor business systems.
COMPLIANCE, RISK, AND INTEGRITY MONITORING
Accountability to taxpayers requires full financial transparency and precise compliance with regulations - criteria that demand stringent and systematic monitoring and oversight, compliance review, and risk assessment. CohnReznick combines technology, analytical power, and human expertise to help clients achieve program results. We provide best-practice capabilities for:
- A-123 and A-133 audits
- Annual reports to Congress support
- Compliance/monitoring of funds
- FAR and Dodd-Frank compliance
- Inspectors General support
- Internal controls review and evaluation
PROGRAM AND PROJECT MANAGEMENT
Facing a complex web of audit, accounting, compliance, and reporting issues, agency professionals can be overwhelmed by the challenges involved with undertaking new projects and programs. CohnReznick has proven project management acumen in supporting simultaneous, large-scale government projects. We can lead large programs from start to finish or augment existing resources providing feasibility, budget, forecast analysis, quality control, assurance, training, and on-going support as needed. We are committed to the best-practice standards approach based on the Project Management Institute (PMI®) framework and Project Management Body of Knowledge (PMBOK®) standards, and have a team of Project Management Professionals (PMPs®) who employ these approaches for your project or program.