FABS Service Offerings

Under this General Services Administration (GSA) Financial and Business Solutions (FABS) contract, Booz Allen Hamilton is able to supply the full range of auditing and financial management professional services to all federal Government agencies.

SIN 520-5 Loan Servicing and Asset Management

• Service, monitor, and maintain government held assets
• Assist in assessment and improvement of current asset management process related to:
  • Cash management
  • Inventory management
  • Government property, plant and equipment
  • Adequacy of controls, policies and procedures

SIN 520-9 Recovery Audits

• Identify overpayments
• Recover overpayments

SIN 520-11 Accounting

• Analyze, process and summarize transactions
• Assist in devising new or revised accounting policies and procedures
• Classify accounting transactions
• Perform special studies to improve accounting operations
• Resolve accounting issues
• Resolve and/or implement audit findings
• Assess or enhance accounting internal controls
• Improve operating efficiency and effectiveness

SIN 520-12 Budgeting

• Assess and improve the budget formulation process
• Assess and improve the budget execution process
• Conduct special reviews of budget formulation or execution issues
• Review budgetary controls
• Assist with implementation of corrective actions

SIN 520-13 Financial Services

• Assess and improve financial management systems
• Conduct A-127 system compliance reviews
• Assist with implementation of corrective actions
• Document systems
• Identify systems requirements
• Plan and develop systems
• Assist in meeting agency financial management system requirements
• Assess and improve financial reporting and analysis
• Develop new reporting formats and pro-forma financial reports
• Assist in improving and streamlining reporting and analysis processes
• Perform cost-benefit or other special financial analysis
• Assist with the requirements of the Government Performance and Results Act
• Assist with devising and implementing performance measures and related processes and systems
• Assist with strategic and operational financial analyses
• Resolve audit recommendations
• Assist in managerial cost accounting
• Assist in financial policy formulation and development
• Assist with quality assurance efforts
• Perform economic and regulatory analyses
  • Develop methods for analyzing costs, benefits and impacts of regulations and policies
  • Collect data and prepare Information Collection Requests for approval by OMB
  • Conduct exposure and risk analyses
  • Develop, modify or apply risk characterization models to analyze and evaluate policies, programs, and regulations

SIN 520-15 Outsourcing Recurring Commercial Activities for Financial Management Services

• Services that an agency identifies as recurring commercial activities including:
  • Billing
  • Payroll processing
  • Application processing
  • Claim processing
  • Grant application management
  • Loan application management
  • Inventory management
  • Other financial management activities

SIN 520-22 Grants Management Support Services

• Services that an agency identifies as recurring commercial activities including:
  • Assessing compliance of grantees' business and financial management systems
  • Assisting awarding agencies in ensuring grantees' responsible and accountable use of funds
  • Assisting with ensuring that grantees’ performance is in full compliance with grant requirements
  • Assisting government Grants Management Officers, Grant Management Specialists, and other grants management personnel
  • Assisting review panels
  • Advising government personnel in managing Grant Financial Management systems