What is an Adequate Accounting System? 10 Questions to Determine if Your Accounting System is Adequate for Government Contracts

adequate-accounting-system

In many cases, having an “adequate accounting system” is an integral part of successfully winning and performing on Federal contracts. Many companies find it challenging to determine when accounting system requirements are triggered and how to navigate obtaining a determination of adequacy.  Our clients and prospects unanimously have the same questions.  Since these questions are…

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Key DCAA Terms to Understand for Contractors

glossary of key dcaa terminology

The Defense Contract Audit Agency (DCAA), part of the United States Department of Defense (DoD), performs  audits of DoD contractors to ensure the best value for money the agency spends on defense contracting. As part of its auditing services, DCAA will review a contractor’s accounting and business systems to ensure the contractor is able to…

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Capitol Hill Speaking Engagement

Speaking Engagement - Jennifer Eubanks

Capitol Hill Speaking Engagement – Jennifer Eubanks attended Capitol Hill meetings with a group of Goldman Sachs 10KSB graduates to speak with our representatives in Congress and tell the stories of small businesses on June 11 – to promote PPP Legislation.

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Murky Waters for Government Contractors Receiving PPP Funds

Government contractors, constantly vigilant and monitoring compliance with Federal Acquisition Regulations are faced with unprecedented uncertainty and questions surrounding acceptance of Paycheck Protection Program (PPP) funds and payments under Section 3610 of the CARES Act. Contractors must consider a) the ban against ‘double dipping’ of funds and b) must also consider that loan forgiveness under the PPP may be interpreted as a credit due back to the government in accordance with FAR 31.201-1 (a).

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