Insights

Government contractors with cost reimbursable and time & materials contracts must submit an Incurred Cost Submission six months following their accounting year ends.

Last month, the Department of Justice issued its annual report on recoveries under the False Claims Act (“FCA”) cases during fiscal year 2018. The amount of recoveries for procurement fraud totaled approximately $107 million.

A recent decision by the SBA highlights the importance of seeking competent advice before forming a joint venture. Learn from the Syscom case and avoid costly consequences.

Review the six contractor business system the Department of Defense (DoD) uses to conduct audits and reviews of adequacy for Cost Accounting Standards (CAS)-covered contracts.

Learn how a contractor purchasing system supports CPSR compliance, reduces subcontracting risk, and improves audit outcomes for contractors.

Understand government contractor accounting system requirements, DCAA audits, and how to ensure your system meets FAR and DFARS compliance.

Explore CASB's proposed rule changes on Cost Accounting Standards, including the impact on IDIQ contracts, GAAP alignment, and CAS 403, 414, and 417.

Learn about the different Federal Acquisition Regulation (FAR) government contracts and how each may be used.

Learn more about filing status and ICFR compliance considerations for SPAC and IPO transactions. Contact us for professional assistance.