Accounting Advisory Services

The Vendor is required to provide accounting advisory services for the preparation and presentation of its financial statements.
- Undertake a training-needs assessment and design a training program for agency staff involved in the implementation of the standards to strengthen the capacity in implementation of the newly applicable Standards.
- Recommended assumptions, models, and statements that require agency approval needed for computations and/or policy purposes; and
- Assist in developing the necessary policy framework for implementation of the newly applicable standard.
- Documentation of Assumptions, Models, and Adjustments
o Identification of any management-defined performance measures, if applicable.
o Documentation of the process flow chart of how to go about the computation and appropriate adjustments.
o Documentation of the assumptions made in the computation and appropriate adjustments.
o Documentation pertaining to any models adopted.
o In cases where the newly issued standards are found not to be applicable, documentation of the assumptions made in order to arrive at that conclusion needs to be documented.
- Developing any models to be used as the baseline for the computations and appropriate adjustments.
- Assisting agency with any updates to internal procedures, templates, or financial statement disclosures required due to evolving interpretations or changes in the standard.