Argy, Wiltse & Robinson, P.C.

• Compliance Assessments
• Proposal Preparation
• Cost Accounting Standards
• Government Contract Accounting Support
• DCAA Systems Consultation
• GSA Schedule Consulting
• Bid Protest Support
• DCAA & GSA Audit Support
• Equitable Adjustments, Claims & Termination Settlement Proposals
• Contract Administration

 

Government Contract Accounting Support

The accounting rules government contractors must comply with are complex and exceed GAAP financial accounting standards. In order to maximize profit and minimize audit risk in government contracts, it is imperative that contractors understand their obligations and plan effectively.

Argy helps clients meet these government accounting and reporting requirements. Our experts have many years of experience assisting government contractors with the accounting challenges that are inevitable when doing business with the Federal Government. Our industry experts know what it takes to meet these requirements while limiting audit or other scrutiny. We support clients with the following areas of government compliance:

• Preparation of indirect rate agreements
  
• Preparation of Incurred Cost Submissions
  
• DCAA audit support and issue resolution
  
• Preparation of annual contract operating statements
  
• Assessment of adequacy of overall accounting system pursuant to SF 1408
  
• Analysis of the allocability, allowability, and reasonableness of costs under the Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS)
  
• Government billing issue resolution
  
• Development of direct and indirect cost rates
  
• Development of forward pricing and provisional rate proposals
  
• Development of Requests for Equitable Adjustment (REA) proposals
  

Federal reporting requirements can prove to be time-consuming and pose substantial audit risk. Our professionals frequently assist contractors with the federal reporting requirements and also can provide accounting and administration services on an outsourced basis.