On Point


Internal controls reviews are conducted to gain a sufficient understanding of the organization's internal controls, and to assess control risk to plan the audit and to determine the nature, timing, and extent of tests to be performed. We perform the procedures appropriate to the circumstances to review the organization's internal controls, control risk, and the reliability of the organization's cost representations. Reviews that are performed as a part of or in conjunction with internal control review procedures are purchasing system, material system, compensation system, labor system, billing, and estimating system reviews.

Cost Accounting Standards (CAS) Review - The nineteen (19) CAS addresses the measurement, assignment, and allocation of costs to government contracts to achieve uniformity and consistency in the cost accounting principles. As a condition of contracting with the government, CAS-covered contractors are required to disclose in writing (Disclosure Statement) their cost accounting practices, follow the disclosed practices consistently, and comply with the CAS. Depending on the organization's size and other criteria, we will perform the cost accounting standards reviews based on the level of coverage; full CAS coverage or modified CAS coverage (Standards 401, 402, 405, and 406).

We have performed management, performance, and compliance reviews to ensure adherence to applicable Federal, state and local laws and/or regulations. We assess the control environment, develop a review plan, and test the internal controls. Our reviews are a systematic and objective examination of systems, processes and procedures to provide an independent assessment of the performance of a government organization, program, activity, or function, to yield information to improve public accountability, as well as to facilitate decision-making by parties with responsibility to oversee or initiate corrective action. Destiny has compiled and analyzed program and financial information for government entities, grantees, and other recipients of Federal funds at other Federal agencies. These reviews allowed DMS to demonstrate its ability to respond to specific review needs of a client, and to render information for crucial decision-making. All are performed in accordance with generally accepted auditing standards, and guidelines set forth by the following: American Institute of Certified Public Accountants (AICPA), Federal Accounting Standards Advisory Board (FASAB), Office of the Inspector General (OIG), and Generally Accepted Government Standards Board.