• Accounting, Consulting & Audit Services
    for Non-Profits, Government Agencies
    & Corporations

Federal Government

LIFMS is a 100% woman owned AICPA peer reviewed CPA firm. We provide consulting and attest services to Federal Agencies.

Services We Can Provide for Federal Government Agencies:

  • Financial Management and Accounting Support
  • CFO Act Compliance: Financial Improvement and Audit Readiness
  • Internal Audit
  • Best Practices GAP Analysis
  • Agreed Upon Procedures (AUP)
  • Compliance Audits
  • Contract Administration
  • Cost Accounting Standards (CAS)
  • Financial Audits
  • Grant Recipient Compliance Reviews
  • Indirect Costs and Rate
  • Internal Control Reviews
  • Performance Audits
  • Program Assessment & Support
  • Recovery Audits
  • Single Audit Services

NAICS Codes

541211: Certified Accountants Offices
541219: Other Accounting Services
541611: Administrative Management and General Management Consulting Svcs.
541618: Other Management Consulting

PSC Product Service Codes

R704: Support Management Auditing
R703: Support Management Accounting
R710: Support Management Financial
R410: Support Professional Program Evaluation Review Development
R499: Support Professional Other

LIFMS understands the responsibility of government agencies for maintaining adequate controls to prevent fraud, waste and abuse while promoting efficient and effective operations. Our staff members have performed in-depth reviews of clients’ internal controls to assess compliance with government regulations. We can identify areas where controls could be improved and procedures established to accomplish this goal.

As an AICPA Peer Reviewed accounting firm and NYSSCPA member, we are committed to adhering to the highest quality standards. LIFMS maintains a team of professionals with extensive knowledge of federal audit and accounting standards (FAR), along with significant experience performing federal audits in accordance with Generally Accepted Government Auditing Standards (the Yellow Book). We require continuing education, resulting in our staff being up-to-date with changes in Government Auditing Standards (GAS), generally accepted accounting principles and regulatory requirements. All work is supervised by NYS licensed CPA’s, and we take pride in our cutting-edge technology. Our approach to performing federal financial audit services is consistent with the GAO/PCIE Financial Audit Manual and Generally Accepted Government Audit Standards (GAGAS), which provide the standards and methodology for performing financial statement audits of federal entities.

As a woman owned small business (WOSB), we are always interested in large project teaming opportunities with primary bidders.

 
    • WBENC - Certified Women-Owned Business
    • DBE Certified - Disadvantaged Business Enterprise
    • AICPA
    • SBA WOSB
    • NYS CPAs
    • QuickBooks Certified
    • QuickBooks Online Certified