What’s New With DCAA Compliancy?

The Defense Contract Audit Agency (DCAA), the agency that performs audits on jobs handled by contractors and subcontractors that work for the government, is expected to implement some changes in the upcoming fiscal year. DCAA audits are aimed at preventing fraud and…

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5 Things Your Forensic Advisory Team Should Know

Forensic accountants require unique skills and training in order to blend accounting, auditing, and investigative skills to uncover and analyze financial data. In addition, to uncovering fraud, forensic accountants provide litigation support in a courtroom setting. If you are a…

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Public Relations & Advertising Costs – Allowable or Unallowable?

Many companies incur advertising and public relations costs. For the government contractor, the complication comes in determining whether these costs are allowable under the Federal Acquisition Regulations (FAR). The basic rule of thumb is if it is related to benefiting the government,…

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Staying On Top of Job Cost Allocation

For government contracts, compliance with the Federal Acquisition Regulations and the Defense Contract Audit Agency (DCAA)’s enforcement is a constant challenge. One area government contractors must have under their belt is the allocation of job costs. Federal Acquisition Regulations (FAR), FAR 31.201-4 requires…

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Financial Statement Fraud Red Flags

Over the last several years, the number of cases related to financial statement fraud has experienced a gradual increase. In fact, according to a recent Cornerstone Research report, Accounting Class Action Filings and Settlements—2014 Review and Analysis, shows the SEC has a heightened…

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The Different Types of Financial Statement Reports

There are a few different reports that a CPA can issue along with financial statements: Audit, Review, and Compilation. These types of reports will depend on what the client needs. By law, all publicly held companies must have audited financial…

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