Risk advisory for federal agencies
With the renewed emphasis on transparency and accountability, public sector organizations are being looked upon to strengthen their operations by executing risk management and control strategies. To support that culture, they need the ability to monitor and mitigate risks with a robust system of efficient and effective internal controls, and the resources to stay compliant with complex regulations..
At Baker Tilly, we have solutions to these evolving challenges. In addition to identifying and assessing risks, you will gain the perspective to make better business decisions, more optimally deploy your resources, and improve the quality of your response to unanticipated events
Risk advisory consulting
Baker Tilly risk professionals deliver services matched to your risk management needs. Rely on our substantial experience, broad risk focus, and industry-specific expertise to address a specific issue, or design an effective and comprehensive plan to fit your organization’s unique needs and business model. Our experienced consultants work with you to identify and understand risk across your organization and integrate risk considerations into the decision-making process. We are familiar with the unique operations, culture, organizational structure, and management philosophy of the public sector. The Baker Tilly team helps you to create a sustainable solution, tailored to your specific needs.
Baker Tilly risk advisory services professionals hold top credentials in their areas of specialization: Certified Government Financial Manager, Certified Public Accountant, Certified Internal Auditor, Certified Information Systems Auditor, Certified Information Systems Security Professional, and Certified Fraud Examiner.
Our solutions include
- Business Continuity Planning
- Enterprise Risk Management
- Fraud Investigation and Prevention, and Forensic Accounting
- Internal Audit
- OMB Circular A-123
- Technology Risk
Contact our federal government services team >
A Federal agency responsible for paying healthcare claims on behalf of their constituents engaged Baker Tilly to examine the timeliness and accuracy with which claims were processed. The adjudication and payment of these claims is decentralized among offices around the country and leadership wanted to assess the design and effectiveness of the controls in place to support claims processing.
Baker Tilly worked with agency leadership to develop an audit plan to address all of the complex payment regulations. The team visited more than two dozen claims processing stations and interviewed a cross section of employees to understand the specific tools, processes and controls in place at each site. Finally, the team audited a sample of claims in each site to assess their compliance with the relevant payment methodologies and timeliness mandate.
Baker Tilly provided a detailed report that examined the effectiveness of the claims processing stations that were audited. The team also gathered best practices from the sites that were visited and made recommendations to the program office on how to enhance the design and execution of the claims processing function within the agency.