To become compliant with Federal Acquisition Regulations (FAR), and meet Defense Contract Audit Agency (DCAA) audit standards, your business has to have policies and procedures that ensure controls are in place for your accounting and financial reporting.
To make your accounting system compliant involves more than just the software your business is using. A more important consideration is the actual policies and procedures manual your company is using and your internal controls that monitor and enforce them.
Our Reston CPA firm has extensive experience reviewing existing accounting policies and procedures to identify areas of concern. If you are new to government contracting, we can assist you in drafting new accounting policies and procedures to meet the rigorous standards set forth by FAR and DCAA.
If you need a CPA who understands the standards, rules, and regulations required by business who work as government contractors, we can help. We’ll draft or review your accounting policies to ensure they meet all the requirements. Call us at 703-995-5522 or request a consultation.