What is an Incurred Cost Audit?

Incurred Cost audits are used to bring transparency to government spending, and ensure uses of federal funds are in compliance with regulations/contractual requirements. Performance of these audits encourages a risk aware culture, and can identify instance of noncompliance which require repayment of funds to the government for efficient and lawful use of government dollars.
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What is an Incurred Cost Audit?
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What is a Real-Time System Assessment?
RTSA’s allow for timely and relevant feedback to be applied to information systems changes or additions prior to go-live. Performing an RTSA creates efficiencies by identifying deficiencies prior to full implementation, and reducing the risk of negative impact to financial statement audit results during the year of go-live.

Advancing Governance Innovation and Risk Management for AI
Performance audit as a tool to assess agency management's compliance with artificial intelligence (AI).

Value-Driven Performance Audits
Delivering value through Performance Audits over Laws, Regulations, Contracts and Grant Agreements

What is a FISMA?
Required by law, FISMA audits provide insight into the effectiveness of information systems and compliance with FISMA requirements. Efficiencies can be gained by leveraging the same auditor for both the financial statement and FISMA audits.