Ausra Lagos

• DoD Agency—Environmental and Disposal Liabilities (E&DL) Audit Remediation Support (11/2024-Present)
• Role: Senior Manager
• Duties: Ms. Lagos is currently leading a team in remediating two critical focus areas within the E&DL area, significantly contributing to the client’s goal of accelerating their material weakness downgrade by FY26. Key responsibilities include: 1) Conducting comprehensive walkthroughs of business processes to identify areas for improvement 2) Creating detailed Process Control Narratives (PCNs) to document and streamline procedures 3) Developing Business Process Maps (BPMs) 4) Developing Risk and Control Matrices (RACMs) to identify, assess, and mitigate risks.
• Accomplishments: Led a team in timely completion of Risk Assessment phase of the project and creation and implementation of several corrective actions.
• US Federal Agency —A-123 Program Support (4/2024- 9/2024)
• Role: Program Manager
• Duties: Ms. Lagos led a team supporting the Federal client’s Program Office in strengthening its OMB A-123 program. Specifically, the support entailed performing walkthroughs over program’s application review business process area, drafting process narratives, identifying key controls, performing test of design (TOD), creating Risk and Controls Matrix (RCM), and development of process flowcharts to visualize and streamline the business process.
• Accomplishments: Ms. Lagos led a team to enhance the Federal client’s OMB A-123 program, boosting operational efficiency. She conducted application review walkthroughs, drafted process narratives, identified key controls, and developed RCMs and flowcharts, streamlining processes and strengthening compliance.
• DoD Agency—Audit Readiness (2/2018- 9/2023)
• Role: Senior Manager

• DoD—USMC Financial Statement Audit (12/2016 to 01/2018)
• Role: Senior Auditor
• Duties: Ms. Lagos served on the financial reporting team for the first full scope financial statement audit of the United States Marine Corps’ (USMC’s) General Fund (GF). The audit was conducted in accordance with the Government Auditing Standards (GAS), the American Institute of Certified Public Accountants (AICPA) Codified Professional Standards, OMB 15-02 Audit Requirements of Federal Financial Statements (as amended), the Government Accountability Office (GAO)/President’s Council on Integrity and Efficiency (PCIE) Financial Audit Manual (FAM) (as amended), and the GAO Federal Information System Controls Audit Manual (FISCAM) (as amended). The engagement entailed to assessing audit risk and the effectiveness of internal control over financial reporting including the validation of beginning and quarterly account balances through tie-out, as reported by the Defense Departmental Reporting System – Audited Financial Statements (DDRS-AFS), Defense Departmental Reporting System – Budgetary (DDRS-B), and the Standard Accounting Budgeting and Reporting System (SABRS) reporting systems. While on this audit, Ms. Lagos performed walkthroughs and documented processes surrounding the USMC’s financial reporting process. Based on the gained understanding over USMC’s processes, Ms. Lagos identified the key controls to be tested and developed sampling approach and testing procedures. She also overlooked the completion and review of the quarterly financial statement tie outs (from SABRS trial balances to the financial statements) as well as the financial statement crosswalk to Treasury’s USSGL. Among the other tasks, Ms. Lagos performed the review of the draft and final Agency Financial Report (AFR) to ensure compliance with the Circular A-136 and USSGL Guidance. Ms. Lagos also analyzed the completeness of the USMC’s reporting entity to determine the totality of Treasury Account Symbols (TAS) under audit scope, assisted the other cycle teams in the lead sheet preparation process to ensure accurate balances were reconciled to the population of transactions subject to sampling and auditing procedures. Based on the testing findings and results, Ms. Lagos drafted Notifications of Findings and Recommendations (NFRs) related to the financial reporting area.
• Accomplishments: As a result of the audit work performed, multiple NFRs were issued that led the client’s to take corrective action plan and improved the financial reporting process.
• DHS ICE—Financial Statement Audit (03/2016 to 11/2016 & 4/2015 to 11/2015)
• Role: Senior Auditor
• Duties/Accomplishments: Ms. Lagos served on the FY 2015 and FY 2016 financial statement audits of the following DHS’s components: the Management Directorate, the Science & Technology Directorate, the National Protection & Program Directorate, the U.S. Immigration and Customs Enforcement (ICE), and the Office of Health Affairs. Ms. Lagos utilized eAudit software and IDEA data mining tool for sampling purposes and was responsible for overseeing internal control and substantive testing over Fund Balance with Treasury; Financial Reporting; Procurement; Property, Plant and Equipment (PP&E); Payroll; Revenues; and Compliance with FFMIA and FMFIA testwork. Ms. Lagos coordinated and conducted walkthroughs over these process areas and gained an understanding of related systems used by DHS, including the Oracle based Federal Financial Management System (FFMS), Sunflower Asset Management System (SAMS), PRISM (contract writing and management system), and EmpowHR. Following the walkthroughs, Ms. Lagos identified and documented key controls to be tested and developed appropriate audit procedures. She also trained new hires, reviewed the testwork performed by staff and, accordingly, provided review comments. Other duties included coordinating status meetings with the client, responding to client related inquiries as well as documenting audit findings and issuing Notice of Findings and Recommendations (NFRs) upon audit completion.
• Accomplishments: As a result of the audit work performed, multiple NFRs were issued that led the client’s to take corrective action plan and improved the financial reporting process.

Department of Homeland Security (DHS) ICE—Financial Statement Audit (03/2016 to 11/2016 & 4/2015 to 11/2015)
• Role: Senior Auditor

• Duties/Accomplishments: Ms. Lagos served on the FY 2015 and FY 2016 financial statement audits of the following DHS’s components: the Management Directorate, the Science & Technology Directorate, the • Duties/Accomplishments: Ms. Lagos served on the FY 2015 and FY 2016 financial statement audits of the following DHS’s components: the Management Directorate, the Science & Technology Directorate, the National Protection & Program Directorate, the U.S. Immigration and Customs Enforcement (ICE), and the Office of Health Affairs. Ms. Lagos utilized eAudit software and IDEA data mining tool for sampling purposes and was responsible for overseeing internal control and substantive testing over Fund Balance with Treasury; Financial Reporting; Procurement; Property, Plant and Equipment (PP&E); Payroll; Revenues; and Compliance with FFMIA and FMFIA testwork. Ms. Lagos coordinated and conducted walkthroughs over these process areas and gained an understanding of related systems used by DHS, including the Oracle based Federal Financial Management System (FFMS), Sunflower Asset Management System (SAMS), PRISM (contract writing and management system), and EmpowHR. Following the walkthroughs, Ms. Lagos identified and documented key controls to be tested and developed appropriate audit procedures. She also trained new hires, reviewed the testwork performed by staff and, accordingly, provided review comments. Other duties included coordinating status meetings with the client, responding to client related inquires as well as documenting audit findings and issuing Notice of Findings and Recommendations (NFRs) upon audit completion.
• Accomplishments: As a result of the audit work performed, multiple NFRs were issued that led the client’s to take corrective action plan and improved the financial reporting process.

USAC—Financial Statement Audit (11/2014 to 3/2015; 11/2013 to 3/2014; 11/2012 to 3/2013)
• Role: Senior Auditor (FY14); Staff II Auditor (FY13); Staff Auditor (FY12)
• Duties: Ms. Lagos served on the FY 2012, FY 2013 and FY 2014 financial statement audits of the Universal Service Administrative Company (USAC). The audit was conducted in accordance with both GAGAS and AICPA standards. Ms. Lagos assisted in the Planning Phase of the audit and performed tests of controls over Cash, Investments, Fixed Assets, Accounts Payable, and Payroll cycles. Ms. Lagos was also responsible for conducting substantive testing in the areas of Cash, Investments, and Payroll. Some of her duties included the following:
• Conducting account risk analysis for all financial cycles based on the understanding gained from client interviews/questionnaires conducted during audit planning phase
• Performing internal controls testing which included cash and investments daily activity analysis and bank to books reconciliations as well as purchasing cards and new contracts testing
• Performing payroll internal control testing including new hire, terminated employees, and other procedures.
• Performing fixed assets observations
• Conducting substantive testing procedures that included bank reconciliation and confirmation of accounts balances; investment bank balance confirmation, various USAC reports reconciliations and reviews for accuracy and completeness
• Performing substantive testing of Payroll accruals, expense accounts, and employee paid leave carryovers.
• Supervising staff during the FY 2014 financial statement audit. The responsibilities included overseeing internal control and substantive testwork over Accounts Payable, Accounts Receivable, Prepaid Expenses, Payroll and PP&E.
• Accomplishments: As a result of the audit work performed, multiple NFRs were issued that led the client’s to take corrective action plan and improved the financial reporting process.

U.S. Treasury/U.S. Mint —Financial Statement Audit (4/2014 to 11/2014; 4/2013 to 11/2013)
• Role: Senior Auditor (FY14); Staff II Auditor (FY13)
• Duties: Ms. Lagos supported the FY 2013 and FY 2014 audits of the U.S. Mint. Ms. Lagos performed substantive and internal control testwork over Procurement, Inventory, Human Resources, and Revenue cycles. Ms. Lagos also performed internal control testing for FBWT and Human Resources. Specific areas tested included: contract testwork, review of lease commitment agreements and rent expenses, and ensuring rent expense is booked in proper accounts and under proper Business Object Costs (BOC). Ms. Lagos has visited the Mint’s manufacturing sites for Inventory Raw Materials, WIP, and Finished Goods count observations. In addition, Ms. Lagos performed testwork over inventory cost and pricing and HR compliance testwork included proper pay rate, leave accrual and carry-over hours, and other procedures to ensure proper accuracy of employee paystubs.

• Accomplishments: As a result of the audit work performed, multiple NFRs were issued that led the client’s to take corrective action plan and improved the financial reporting process.

U.S. Treasury/ATTB — Financial Statement Audit (4/2014 to 11/2014; 4/2013 to 11/2013)
• Role: Senior Auditor (FY14), Staff II Auditor (FY13)
• Duties: Ms. Lagos supported the FY 2013 and FY 2014 audits of the Alcohol and Tobacco Tax and Trade Bureau (ATTB). Ms. Lagos served on the Team performing the financial statement audit of ATTB, a tax collection agency that also develops regulations, conducts product analysis, ensures tax and trade compliance with the Federal Alcohol Administration Act and the Internal Revenue Code (IRS). Ms. Lagos performed internal control and substantive testing of Fund Balance with Treasury (FBWT), Revenues, Liabilities, Procurement, PP&E, and Human Resources accounts, as well as Compliance testwork. Her testing responsibilities included the following:
• Audit procedures related to substantiation of Fund Balance with Treasury (FBWT), Revenues, Expenses, and PP&E. The testwork revolved around the existence, accuracy, and completeness of receivables, revenues, and expenses
• Audit procedures over ATTB’s budgetary accounts
• Conducting walkthroughs of the internal controls and the ATTB accounting cycle processes
• Conducting site visits at the National Revenue Center (NRC) and Bureau of Fiscal Services Administrative Resource Center (BFS-ARC), ATTB’s Service Organizations, and performing testwork over custodial revenues and expense testwork
• Performing compliance with Federal Financial Management Improvement Act (FFMIA) and Federal Managers’ Financial Integrity Act (FMFIA) testwork
• Performing substantive testwork over Payroll, including extensive compliance testwork
• Preparing financial statement and related footnotes tie-outs and crosswalks to the Trial Balance.

USDA IPERA Controls Testing (11/2015 to 03/2016)
• Role: Senior Auditor
• Duties: Ms. Lagos served on the team performing testing over 2008/2014 Farm Bill payments issued to the participants by the Natural Resources Conservation Service (NRCS) in Fiscal Year (FY) 2015 to assess following programs’ requirements and qualifications:
• The Environment Quality Initiatives Program (EQIP)
• Conservation Stewardship Programs (CSP)
• Agricultural Management Assistance Program (AMA).
• Accomplishments: Ms. Lagos identified instances of noncompliance and communicated the findings to participating state’ field offices to clarify and discrepancies or to obtain any missing documentation. Ms. Lagos then reported identified potential improper payments to the NRCS.

• Role: Staff GL Accountant
• Duties: Ms. Lagos served on a General Ledger team and performed multiple duties, which included monthly, quarterly, and fiscal accounting close procedures, and preparation and review of various variance analysis and reports. Pre-close procedures also included a wide range of account reconciliations, account analysis, and auditing of accounts to ensure proper and accurate financial reporting. Ms. Lagos maintained and updated Work-In-Process (WIP) accounts and tracked Fixed Assets (F/A) and Property, Plant, and Equipment (PP&E) accounts. She interacted with project managers to keep the project accounting up-to-date and to ensure timely creation of fixed asset and set up of the asset depreciation. Monthly reconciliation was conducted between WIP and PP&E accounts and any discrepancies were resolved on a timely basis. Ms. Lagos also prepared and reported to the senior management forecasted PP&E and depreciation schedules by explaining any variances between the expected and actual results. She also tracked and recorded inventory-in-transit to prevent overstatement of revenues and to ensure compliance with revenue recognition accounts. Ms. Lagos was instrumental in the SAP conversion by working closely with SAP implementation team to help define requirements and assist in testing functionality. In addition to the duties above, Ms. Lagos also assisted in gathering of information for external audits. She served as a point of contact for the auditors’ inquiries and questions raised during the audit period. She also performed physical inventory count during audit inventory observation at one of the firm’s warehouses.
• Accomplishments: Ms. Lagos supported the GL team that led to successful monthly and annual GL system closing and financial reporting.

• Role: Consultant
• Duties: Ms. Lagos conducted internal cost classification audits within Accounts Payable (AP) department to ensure compliance with Sarbanes-Oxley Act (SOX) and Defense Contract Audit Agency (DCAA). Upon the discovery of errors, discrepancies, and non-compliance, she communicated the findings to appropriate departments and personnel to have those corrected in a timely manner. Accordingly, she assisted DCAA auditors by gathering information and serving as a point of contact for any audit related inquiries.
• In addition to the auditing duties, Ms. Lagos also prepared monthly, quarterly, and fiscal year vendors’ past-due aging statements to guarantee prompt payments. She prepared summary report of outstanding issues concerning past due payments and assigned other staff members to immediately resolve the problems. To have vendors paid and satisfied, Ms. Lagos analyzed vendor AP payment workflow and reported to the senior management to assist with planning and strategy.
• Her other duties at Booz Allen Hamilton included a completion of daily Accounts Payable job posts and running daily check-runs. Ms. Lagos worked closely with the firm’s Treasury Department to execute urgent manual check and wire payments to contractors and vendors. She also reviewed retrieved data from the firm’s vendor database and assisted in preparation of the Form 1099-Misc to vendors at fiscal year-end to ensure compliance with IRS laws and regulations.
• Ms. Lagos was also involved in testing and implementation of next generation technologies and process automation (Basware). During UAT planning stage, Ms. Lagos assisted Basware team in drafting Accounts Payable department processes and helping outside consultants to understand the functionalities needed by the Accounts Payable department.