OMB A-123 Compliance
The OMB A-123 directive from the United States Office of Management and Budget (OMB) stipulates that federal agencies must provide the same internal controls and financial reporting that publicly traded companies do, in accordance with SOX section 404. This directive represents a significant step by the federal government to acknowledge and mirror the growing need for effective internal controls in federal agencies.Download Solution Brief
MetricStream OMB A-123 Compliance Management Solution
MetricStream enables federal agencies to effectively comply with the OMB A-123 directive and manage the financial reporting processes. The solution streamlines and automates the testing and documentation of internal controls, and helps track, manage, and correct deficiencies and weaknesses.
The solution also boosts the efficiency and effectiveness of OMB A-123compliance efforts. It provides end-to-end functionality to design and establish controls, assess and improve processes, and correct control deficiencies. In addition, it provides agency executives with complete real-time visibility into the quality of internal controls and organizational risks associated with the OMB A-123 directive.
Developed on the MetricStream Enterprise Compliance Platform, the solution is designed for ease-of-use and fast implementation. Add-on modules for audit management, document management, and training management can be seamlessly integrated to automate all supporting processes.
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