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R -- Financial Improvement and Audit Readiness (FIAR) and Managers' Internal Control Program (MICP)

Notice Date
Notice Type
541219 — Other Accounting Services
Contracting Office
Other Defense Agencies, Defense Security Cooperation Agency, Defense Budget and Contracts, 201 12th Street, Suite 203, Arlington, Virginia, 22202-5408
ZIP Code
Solicitation Number
Archive Date
Point of Contact
Siddartha S. Routh, Phone: 703-697-9941, Tiffany Tanner,
E-Mail Address
siddhartha.s.routh.civ@mail.mil, tiffany.n.tanner4.civ@mail.mil
(siddhartha.s.routh.civ@mail.mil, tiffany.n.tanner4.civ@mail.mil)
Small Business Set-Aside
DSCA is working to improve its existing audit readiness efforts by strengthening internal controls and financial management practices, instituting sustainable business processes, developing guidance, and driving effective change throughout the Security Cooperation community. DSCA is responsible for two separate financial statements: DSCA Title 10 funds (Treasury Index 97) and the Security Assistance Account (SAA) Title 22 funds (Treasury Index 11). This effort is for non-personal services to provide Financial Improvement and Audit Readiness (FIAR), Audit Remediation, Financial Data Reconciliation, and Managers' Internal Control Program (MICP) to the Defense Security Cooperation Agency (DSCA) and Security Assistance Account (SAA). Objective I: Develop and re-engineer the financial reporting framework for Title 22 that supports auditable Full Financial Statements. Identify unknown unavoidable deficiencies and risks associated with the SAA which includes: the Foreign Military Sales (FMS) Trust Fund, the International Military Education & Training (IMET) Fund, the Foreign Military Financing (FMF) Program, the Special Defense Acquisition Fund(SDAF), the Global Security Contingency Fund (GSCF), the Foreign Military Loan Liquidating Account, the Military Debt Reduction Financing Account, the FMF Direct Loan Program, the FMF Direct Loan Financing Account and other accounts that contribute to the consolidated financial statements. By driving a larger mission-based approach to the entire portfolio of business processes that aligns with their strategic goals, DSCA can drive greater transparency with foreign and domestic customers, Military Departments (MILDEPs) stakeholders, and industry. Objective II: Achieve an unmodified or "clean" audit opinion for each DSCA financial statement. DOD has designated certain reporting entities to adhere to the same audit readiness efforts as congressionally mandated OMB reporting entities. As a designated "significant" entity, SAA must perform all audit readiness and remediation efforts in accordance with the FIAR Methodology, and must undergo an annual stand-alone financial statement audit in accordance with the Chief Financial Officers (CFO) Act of 1990. DSCA intends to continue to monitor, validate, and implement Corrective Action Plans (CAPs) that were addressed during initial discovery efforts of the SAA in preparation for a full financial statement audit. This will allow DSCA to enhance audit remediation efforts and improve its ability to meet mandatory FIAR and MICP requirements. The anticipated period of performance is 01 Dec 2018 - 30 November 2019. The requirement is for a twelve (12) month basic period and four (4) annual options. The estimated ultimate completion date is 30 November 2023.
Web Link
FBO.gov Permalink
Place of Performance
Address: Arlington, Virginia, 22202, United States
Zip Code: 22202
SN05087102-W 20180915/180913231001-b63f94af8b4001f9f530ab65162c8ec3 (fbodaily.com)
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