GAAP / IFRS / Other Compliance

• Adhere to Generally Accepted Accounting Principals (GAAP), the accounting standards used in the United States.
• Follow International Financial Reporting Standards (IFRS), for companies based outside of the United States.
• Create tailored schedules for all grant compliance requirements.
• Develop grant reporting tools and templates to streamline the reporting process.

DCAA/FAR Compliance*

• Calculate indirect rates, labor distribution, and other reporting on a monthly basis
• Structure your accounting system to track direct and indirect costs
• Trace costs from contract line items to transactions in your accounting system
• Train staff on time-keeping and other DCAA/FAR regulations
• Identify allowable and unallowable costs
• Create reporting systems for indirect costs, labor distribution, and other reporting requirements

*DCAA / FAR = Defense Contract Audit Agency / Federal Acquisitions Regulations

Pre-Award Adequacy Analysis

• Understand the necessity and components of a pre-award audit of your accounting system
• Learn how to complete Form 1408
• Recognize the reporting limitations of your accounting system and how to navigate them
• Ensure your Form 1408 audited
• Know the steps to take after receiving a positive audit opinion on your Form 1408

Fraud Prevention (IC)

• Identify where fraud and compliance intersect and how to protect your business
• Understand the proper management of government and grant funding
• Apply fraud prevention and detection concepts to your business.
• Develop internal controls (IC) practices to prevent fraud and theft
• Discover how to better protect your business from fraud