Exploring Contractor Business System Reviews for A&E Firms
September 20, 2023
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Architectural & Engineering (A&E) firms that propose or work on government contracts may be required to have an adequate system review. In this episode of Cherry Bekaert’s Professional Services podcast, Brynn McNeil, an Audit Partner in the Firm’s Professional Services Industry practice, welcomes Eric Poppe, a Managing Director in our Government Contractor Industry practice, to discuss the types of systems reviews and the advantages these reviews can provide emerging small businesses.
Listen in to find out about:
- The types of system reviews and why an A&E firm would need one
- Size limitations and/or system limitations that A&E firms face when maintaining an adequate accounting system
- Determining the best time to get a system review and the length of validity
- Understanding who can perform these types of engagements
- Best practices for preparing for a successful system review
- Analyzing why a system review might be beneficial for an emerging small business
Cherry Bekaert’s Professional Services team is well versed in guiding A&E firms in the development and maintenance of compliant business systems, performing systems assessments, providing audit support and preparing contractors for audits or reviews by the Defense Contract Audit Agency (DCAA), the Defense Contract Management Agency (DCMA) or other cognizant agencies.
If you have any questions specific to your business needs, Cherry Bekaert’s Professional Services team is available to discuss your situation with you.
Related Resources:
- Podcast Series: Contractor Business Systems
- Podcast: What Are Indirect Rate Overhead Audits and When Is It Required?
- Podcast: Form 7205: What A&E Firms Need To Know To Claim the Section 179D Tax Deduction
- Article: The FAR Audit: Does Your Architectural/Engineering Firm Need One?