Amper's, certified public accountants and consultants, assist companies involved in Government Contracts. Amper offers the quality government contract accounting and consulting necessary to meet their specialized needs.
Federal Government Contracting Services:
Contract Administration & Terminations
Contract
Audit and Cost Accounting Standards
Government Contracting News
Bidding Government Contracts
Cost estimating
Government contract proposal preparation
Government contract negotiation and contract modifications
Accounting Systems
Ensure accounting systems comply with government contractual obligations
Modify existing financial accounting systems to monitor government contracts
Contract Audit
Assist contractors with Defense Contract Audit Agency (DCAA) representatives and government auditors
Amper is one of the largest independent CPA,
accounting,
tax preparation, and
auditing firms in the New Jersey, Pennsylvania and New York region.
Federal Government Contracting
Federal government business requires special government accounting, something government contractors often do not realize.
- Government contractors are subject to a vast array of regulations.
- A contractor’s funding is hinged on having proper accounting expertise.
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Federal Government Contracting
In the government contracting industry, traditional accounting yields to the specialized expertise of government contract accounting.
By virtue of doing business with the federal government, government contractors are subject to a wide range of special rules and regulations that commercial businesses are not. The rules are unique and so is the accounting expertise needed to handle them.
Amper’s Federal Government Contracting team consists of professionals specifically trained in the area of government contract accounting. They ensure our government contracting clients comply with the government’s standards at every stage of their contract so they can secure the awards and continue to succeed.
Our government contract accountants provide an array of services to address government contractors’ needs both pre-award and post-award. This includes assistance with accounting systems, incurred cost submissions (ICS), Federal Acquisition Regulations (FAR) and Defense Contract Audit Agency (DCAA) audits.
In addition, our firm has focused expertise in key government contracting industries such as technology, life sciences, clean tech and construction.
Services provided:
Bid Proposals
- Ensure realistic cost estimating procedures for bidding government contracts
- Prepare forecasts for direct and indirect cost inputs and overhead rates
- Assist in proposal preparation, contract negotiation and contract modifications
Accounting Systems
- Set up or review accounting systems to comply with contractual obligations, to include cost accumulation and allocations
- Modify existing financial accounting systems to provide adequate controls in a job order or standard cost system, to monitor contracts
- Assist contractors in maximizing revenues by applying the most advantageous overhead cost structure
- Propose new or improved internal cost controls and establish a systematic ongoing program for monitoring the system
- Evaluate company policy and procedures to meet government regulations
Contract Audit
- Prepare forward pricing, historical cost submissions and incurred cost submissions (ICS)
- Assist contractors and serve as liaison with Defense Contract Audit Agency (DCAA) representatives and other cognizant government auditors
- Pre-award, post-award and accounting systems audits
- Prepare cost-impact proposals
- Negotiate direct cost and overhead audit findings with cognizant government auditors
- Perform program audits or A-133 audits in accordance with funding agency requirements
Cost Accounting Standards
- Provide assistance in the preparation of disclosure statements
- Provide guidance in the modification of cost accounting practices to comply with standards
- Assist contractors in resolving non-compliance issues and preparing cost-impact analysis
Technical Assistance
- Evaluate allowability of costs or overhead pool structure
- Prepare responses to government audit positions on questioned costs or cost pool structure
- Assist in negotiation and settlement with government representatives
- Interpret Federal Acquisition Regulations (FAR)
Contract Terminations
- Provide guidance in administering claims and settlement with subcontractors
- Participate in negotiation or settlement proposal preparation
- Prepare contract close outs
Contract Administration
- Establish procedures for proper contract administration
- Assist in the negotiation of contracts, subcontracts and subsequent modifications
- Serve as liaison with contractor's counsel to ensure compliance with contract terms and conditions
Contact: Anthony J. Faugno, Partner
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