Federal Government Services

Through direct contracting with the GSA Federal Supply Schedule, Cherry, Bekaert & Holland provides high quality service to federal government agencies. Our strong knowledge base of government accounting policies and procedures coupled with our experience across a variety of commercial industries, allows our firm to incorporate best business practices into federal government projects. 

Industry Experience

CB&H has extensive experience with audits, compliance and advisory projects for Federal agencies. Our team includes thought leaders in the federal arena, including individuals who participated in the development of federal audit and reporting requirements while serving as a member of the Federal Accounting Standards Advisory Board and as a senior official within the Office of Management & Budget. Our team also includes professionals who have performed against these requirements while serving as members of Federal Audit Advisory Committees and in carrying out audit engagements of major Accountability for Tax Dollar and CFO Act Agencies.

Representative experience of the Firm and our team includes the following:

• Grant audits and grant management reviews for FTA
• Indirect cost allocation plans for Department of Health and Human Services - HRSA
• Performance cost allocation and construction close-out audits for the Department of Labor
• SAS 70 reviews of HUD contractors
• Financial audits of the U.S. Department of Treasury, the U.S. Department of Veterans Affairs, the National Credit Union Administration, the U.S. Treasury Financial Crimes Enforcement Network Bureau, the U.S. Department of the Interior Fish and Wildlife Service, and the Board of Governors of the Federal Reserve System
• Evaluation of the integrity of Corrective Action Plans (CAPs) being implemented by the US Coast Guard of the U.S. Department of Homeland Security in the areas of Entity Level Controls, Financial Reporting, Employee Benefit Liabilities and Fund Balance with Treasury
• Performance audit of the Merchant Mariner Licensing Program of the US Coast Guard of the U.S. Department of Homeland Security
• Review of accounting firms’ audit programs for the Department of Education Student Loan programs
• Grant and compliance reviews for the Centers for Disease Control and Prevention (CDC)

Core services offered through
GSA Schedule – Contract # GS-23F-0159N

SINS offered through GSA

• 520-3 - Due Diligence & Support Services - Assist agencies in the confirmation and validation of specific elements of an agency's portfolio of assets. Collect and organize data from an agency's files or a third party source, create asset inventory database, provide support for asset sales (e.g., asset valuations, investor war room and asset packaging, and closings), and develop quality/information controls.
• 520-7 - Financial & Performance Audits - Perform financial statement audits, financial-related audits, and performance audits. An independent assessment of an audited entity's: a) financial statements in conformity with generally accepted accounting principles; b) financial information, adherence to financial compliance requirements and internal controls; or c) organization or program performance to identify areas for improvement.
• 520-9 - Recovery Audits - Audits performed to recover funds resulting from overpayments, duplicate payments, and underpayments. Performed under the authority of Section 354 of the National Defense Authorization Act for FY 96 (Public Law 104-106; 110 Stat. 268; 10 U.S.C. 2461), and Section 388 of the National Defense Authorization Act for FY 98.
• 520-11 - Accounting - Transaction analysis, transaction processing, data analysis and summarization, technical assistance in devising new or revised accounting policies and procedures, classifying accounting transactions, and special studies to improve accounting operations.
• 520-12 - Budgeting - Assess and improve the budget formulation and execution processes, conduct special reviews to resolve budget formulation or budget execution issues, and provide technical assistance to improve budget preparation or execution processes.
• 520-13 - Complementary Financial Management Services - Assess and improve financial management systems, financial reporting and analysis, strategic financial planning, and financial policy formulation and development. Devise and implement performance measures, conduct special cost studies, perform actuarial services, perform economic and regulator analysis, assist with financial quality assurance efforts and perform benchmarking.
• 520-15 - Outsourcing Recurring Commercial Activities for Financial Management Services - Services that an agency identifies as recurring commercial activities which may include billing, payroll processing, application processing, claim processing, grant application management, loan application management, inventory management, and other financial management activities.