Companies
engaged in today’s government contracting industry encounter many unique
challenges and opportunities.
Understanding the regulations that govern this industry can be the
difference between success and failure in every endeavor. At Global Defense Consulting, we will help
you navigate through these challenges and capitalize on opportunities through
our innovative and tailored solutions.
We help our clients understand the Federal Acquisition Regulation (FAR) and Cost Accounting Standards (CAS) and
align this understanding within the unique pricing, accounting, and
administrative practices each client possesses. With our extensive industry experience
and knowledge of government audit processes, we assist our clients in
identifying and mitigating compliance risk before problems arise.
Once risk areas are identified, we
provide solutions and resources to develop, modify or enhance processes to
bring the organization into compliance with minimal disruption in day-to-day
operations.
Common compliance risk areas include:
- Non-compliant accounting systems, policies and
procedures pursuant to FAR Part 31
- Improper accounting for unallowable costs
- Failure to comply with CAS
- Inadequate timekeeping policies, procedures, and
controls
- Non-compliant procurement and subcontracting activities
- Inaccurate cost and pricing data
- Failure to comply with internal controls and system
requirements as established by DCAA
