Government & Public Sector
HLB Parissi is a leading firm in providing professional services for governmental organizations in Puerto Rico. We currently serve large agencies and public corporations as well as municipalities in providing top-quality professional services in the following lines:
Audit and attestation – financial statements and Single Audits under OMB Circular A-133.
GASB 34 implementation technical guidance and support – preparation of basic financial statements in conformity with this overarching and complex requirement.
Support in interpretation and implementation of new accounting pronouncements applicable to governmental entities.
Federal funds management technical support and advice as well as negotiation with US governmental agencies regarding resolution of Single Audit and OIG’s audit findings.
Indirect Cost Rate Proposals and Indirect Cost Allocation Plans.
Internal audit department support, which includes co-sourcing support, quality assurance assistance, and peer review readiness
Continued education programs in accounting and auditing topics.
Establishing accountability regarding management of federal and local funds.