Ramzi Farah, CPA, has 21 years of experience in government regulatory compliance within the government services industry. He has served both in an advisory role and as a business leader at a large government contractor and his experience covers many areas including incurred costs submissions, indirect rates, Cost Accounting Standards (CAS) disclosure statements and more. He specializes in developing strategies for both existing government contractors and commercial companies entering into the government market space to be competitive and to minimize exposure to government regulations.
Throughout his career, Ramzi has assisted numerous clients by reviewing and providing guidance and revisions to CAS disclosure statements and assisted contractors with the assessment and investigation of alleged CAS violations. Ramzi has also assessed the allowability of indirect and direct costs and the allocability of indirect costs to final cost objectives based on regulatory languages in the FAR and CAS. In relation to rates, he has also supported government contractors in determining the potential impact to changes in the contractor’s rates to include analyzing the contractor’s rate structure, modifying the appropriate pools and bases, and determining the impact of the modified rates.
Prior to joining CohnReznick, Ramzi led the corporate regulatory compliance and internal audit departments for a $3B public company where he was involved in working with government agencies, including DoD, DoS, USAID and NASA, and required direct working relationships with DCAA, DCMA and other equivalent regulatory and auditor agencies at other non-DoD agencies. His roles included maintaining and monitoring over 12 CAS Disclosure Statements (for the corporate home office, intermediate offices, and their segments) and preparing/summitting their respective incurred cost submissions. Ramzi worked with the accounting department stakeholders to prepare and support a successful audit of the company’s accounting system. In a dual role, Ramzi also provided enterprise risk management and internal audit services, and he supported the organization in going public by evaluating/testing internal controls for both business process and entity level controls as part of SOX compliance.
MBA, Accounting, The George Washington University School of Business
Member of the National Defense Industrial Association