CCRD Internal Controls Assessment Services

The contractor shall provide Professional Advisory and Assistance Support Services to assist PBGC in meeting its obligations for on-going assessment of the agency's key internal controls to remain in compliance with the current requirements of 0MB Circular A-123, Management's Responsibility for Enterprise Risk Management and Internal Controls and the Standards for Internal Controls in the Federal Government issued by the U.S. Government Accountability Office (Green Book). This includes the annual testing of design and operating effectiveness of key controls over Operation, Compliance, and Reporting (financial and non-financial). This assessment shall include both entity-level and business process controls. As part of this assessment the contractor shall also perform assessments in accordance with current NIST and 0MB information security guidance including all NIST Special Publication 800-53 controls including at the entity-level and individual key financial IT systems. PBGC has over 160 business level controls within 12 business cycles (Premiums, Budget, Investments, Single Employer Plan Contingent Liability, Multiemployer Plan Financial Assistance, Human Resources/Payroll, Financial Reporting, Benefit Determinations, Benefit Payments, Losses of Completed and Probable Terminations, Present Value Future Benefits, and Procurement/ Accounts Payable/Related Expenses) and over 50 entitywide controls. As the current 0MB Circular A-123 and other related guidance continues to be 2 Version 1 11/14/2022 developed, the contractor shall provide support to the agency to comply with expanded regulatory requirements with respect to internal controls and PBGC's responsibility with respect to fraud prevention. Finally, in accordance with Green Book and OMB Circular A-11 regarding Strategic Objectives, the contractor shall assess internal controls established in PBGC's Strategic Plan to ensure alignment and sustained support of PBGC's mission statement.