October 28, 2009 — Coast Guard Selects KGS to Provide Property Audit Remediation Services Capital Acquisition Program Support Services
On September 30, 2009, KGS was awarded a four-year contract to provide support for the Coast Guard Capital Acquisition Program. Under this multi-year contract, KGS will provide vital assistance for remediation of financial statement audit findings and recommendations related to completed construction projects, direct purchase of capital assets, and capital leases. Our efforts will also contribute to Department of Homeland Security's ability to achieve an unqualified financial statement audit opinion. KGS support will include development, implementation, and training of personnel in techniques for effective application of high-level policies, procedures, and internal control documentation. We will assist with identification, performance, and evaluation of internal control testing results and will support the design and execution of a comprehensive plan to support management assertions related to financial reporting. KGS will prepare and assist with submission and review of packages for capitalization or expensing of completed construction projects, including development and allocation of rates for related labor and overhead costs.