Financial compliance is not as cut-and-dry as it has been. The federal and state regulations have changed and increased over the last couple decades. The first step is to be knowledgeable and aware of the regulatory requirements and the changes that occur over time. Managing financial compliance effectively needs an integrated approach towards management and quality assurance.
Our team monitors, conduct financial compliance reviews, and random audits for the Federal and State Government. We pride ourselves in the quality assurance principles we use to ensure that all employees of companies and subcontractors are compensated in accordance with the Federal and/or State wage determination and rates. We review all certified payrolls and other financial records and ensure that all contractors and government employees are compensated in compliance to the appropriate regulations.
As financial compliance specialists, ILSMD helps federal and state organizations ensure compliance with federal and state regulations and achieve their contract objectives. People are the backbone behind much of the federal and state government needs and requirements. ILSMD works hard to provide the right solutions and approach so that both employees and companies are treated fairly.