The Fiscal Field Review serves as important quality control to ensure financial data accuracy, compliance with applicable Federal, State, and City regulations, as well as specific Agency requirements and internal controls. The review’s purpose is to verify information in order to assess the organization’s fiscal health in real-time to:
- Identify and mitigate risk
- Avoid findings in the next audit
Fiscal Field Review Process
- Online Survey
- FFR Questionnaire
- Testing of Transactions if needed and Review of Provider Documents
We examine required documents such as financial tax reporting, procurement, cost allocation, policies and procedures, property and inventory management, monthly close, governance, reimbursement, financial management, and others during the review. We will also ask clarifying questions to resolve any discrepancies or missing information.
The organization needs to understand the importance of the Fiscal Field Review as it helps to ensure the accuracy and reliability of data used to make important decisions about funding and resource allocation in communities.
Please contact us for further inquiries. We look forward to assisting you!