Growth, acquisitions, new business lines, or new contract types can be another prompt that you need to review your current accounting system to determine if it’s meeting your current needs.
The biggest pitfall of all is not asking for help. The first step in planning for a DCAA audit includes a walk though of internal control, an understanding of segregation of duties, and a review of policies and procedures. These items set the tone for the rest of the audit. By addressing segregation of duties, having documented policies and procedures, and making sure you’re using the right accounting system, you can place increased reliance on the data within your financial statements and ensure a smooth DCAA audit.
For over 40 years, CohnReznick has provided comprehensive services to assist government contractors with a full life cycle approach to winning and managing contracts. We ensure your financial and procurement processes are compliant, efficient and effective - so you can focus on what matters most, profitable growth.
InsightStart preparing now to earn points on GSA’s Polaris contract opportunityJeff Shapiro, Bhavesh VadhaniLearn what self-assessments, certifications, and other potential requirements to consider now for this upcoming IT services government contracting opportunity.
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Press ReleaseChristine Williamson named Business Partner of the Year in MCCC's annual awardsCohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, announced that Christine Williamson, CPA, PMP, and a lead partner in the firm’s Government Contracting practice, has been named Business Partner of the Year by the Montgomery County Chamber of Commerce (MCCC) in its first-ever virtual 2020 Business Awards program.
InsightCybersecurity Maturity Model Certification (CMMC): A road map to complianceYou know you need Cybersecurity Maturity Model Certification (CMMC) to qualify for Defense Department contracts, but where to begin? Use our tool to get started.