Financial Analysis

The Resource Management (RM) Financial Analysis Branch (FAB) supports:

• Financial Statement Audits and Remediation efforts.
• Compliance with Federal and DoD Financial Management Regulations (FMR), DoDEA policies and procedures, and internal accounting processes.
• Compliance with Internal Controls over Financial Reporting (ICOFR) requirements.

Function Products/Process

• In collaboration with other DoDEA divisions, collect and prepare data for financial audit requests, ensure timely submission, assist in scheduling audit meetings, obtain results of financial statement audits, and ensure remediation is conducted.
• Perform RM program assessment reviews and collect data to determine if controls are implemented and operating in accordance with polices and procedures.
• Conducts financial internal testing in accordance with Office of Management and Budget (OMB) Circular A-123. 

Policies

• Office of Management and Budget (OMB) Circular A-123
• U.S. Government Accountability Office (GAO) Standards for Internal Control in the Federal Government (The Green Book)
• DoD Financial Management Regulation (FMR) 7000.14-R