Serving as a contractor to the federal government presents some unique challenges unlike those faced by other businesses. It requires specialized knowledge to navigate regulations and understand compliance expectations, and also the ability to manage an accounting environment capable of a successful audit.
Operating in this atmosphere is not something you need to do alone. CBM serves as a strategic advisor and partner to federal contractors, helping them design accounting systems, consult on FAR and CAS compliance requirements as well as expectations of federal auditors such as the DCAA.
Our accountants and advisors serve as experienced partners to help clients succeed with their contracts and position them to win additional business from federal clients in the future. CBM’s professionals have specialized skills and expertise including in-depth accounting acumen, a rigorous knowledge of compliance requirements and experience collaborating with both smaller and established contractors.
The federal government demands a sophisticated level of financial oversight and transparency. Whether your business has just won its first contract or already has a reputation as a dependable contractor wishing to boost your profile further through greater investment in accounting management, count on CBM’s expertise to help take your business to the next level.
Government Contracting Services
We offer the following services and insights to government contractors who work in fields such as information technology, construction, staffing or project management:
In-depth understanding and ability to consult on the compliance requirements of the Defense Contract Audit Agency and other federal audit agencies
Understanding of regulations including Federal Acquisition Regulations (FARs) and cost accounting standards (CAS)
Financial audit, review and compilation services
Tax planning and preparation services
Employee benefit plan audits
Consulting on indirect cost rate structures including negotiated indirect cost rate agreement support, rate analysis and provisional rates
Consulting on the management and design of accounting systems to meet compliance reporting requirements
Development of policies and procedures, charts of accounts and accounting reporting processes