US defense spending has increased significantly in the last decade. With this increase in spending came the need for faster awarding and performance of contracts, which predictably increased opportunities for fraudulent and wasteful behavior. Recently regulators have been holding organizations to a higher standard of compliance with contractor business systems, internal controls, and compliance processes being at the forefront of government oversight efforts. Many contractors have come under increased scrutiny by the DCAA, with numerous audits resulting in condemnation of business systems, withholding of claimed costs, and disallowance of costs. However, this increased regulation, brings opportunities for contractors who are ready to face these challenges. Management teams who can adapt to these challenges by implementing effective systems and procedures will enjoy a significant advantage over their competition.
The professionals at Baroldi Gundersen serve government contractors that work with various government agencies including the Department of Defense, National Aeronautics and Space Administration, Department of Transportation, and the Department of Energy. We provide an all inclusive group of tax, assurance, and consulting services designed to ensure our clients remain compliant and successful.