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Government Contract Accounting & Compliance

  • ACCOUNTING SYSTEMS
    • Set up or review accounting systems to comply with government contractual obligations, to include cost accumulation and allocations.
      Modify existing financial accounting systems to provide adequate controls in a job order or standard cost system, to monitor government contracts.
      Assist contractors in maximizing revenues by applying the most advantageous overhead cost structure.
      Propose new or improved internal cost controls and establish a systematic ongoing program for monitoring the system.
  • CONTRACT AUDIT
    • Prepare forward pricing and historical cost submissions.
      Assist contractors and serve as liaison with Defense Contract Audit Agency (DCAA) representatives and other cognizant government auditors.
      Prepare cost-impact proposals.
      Negotiate direct cost and overhead audit findings with cognizant government auditors.
  • TECHNICAL ASSISTANCE
    • Evaluate allowability of costs or overhead pool structure.
      Prepare responses to Government audit positions on questioned costs or cost pool structure.
      Assist in negotiation and settlement with government representatives.
  • CONTRACT TERMINATIONS
    • Provide guidance in administering claims and settlement with subcontractors.
      Participate in negotiation or settlement proposal preparation.
  • COST ACCOUNTING STANDARDS
    • Provide assistance in the preparation of disclosure statements.
      Provide guidance in the modification of cost accounting practices to comply with standards.
      Assist contractors in resolving non-compliance issues and preparing cost-impact analysis.
  • CONTRACT ADMINISTRATION
    • Establish procedures for proper government contract administration.
      Assist in the negotiation of government contracts, subcontracts and subsequent modifications.
      Serve as liaison with contractor's counsel to ensure compliance with contract terms and conditions.

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