Our consultants will evaluate your existing internal controls related to certain accounting, estimating, cost reporting and contracts management systems that are or would be typically held to more comprehensive regulatory benchmarks set forth in the DFARS Business System Rules, or otherwise subjected to detailed audits by the DCAA through the Internal Controls Audit Planning System (ICAPS) approach. Business systems for purposes of our evaluation services include:

  • Accounting Administration, including billing, labor charging & control environment
  • Estimating, including budgeting and planning internal controls & analysis for exposure to defective pricing TINA (Truth-in-Negotiations Act)
  • Material Management Accounting System (MMAS)
  • Purchasing System, including attributes typically evaluated from a CPSR review standpoint
  • Earned Value Management (EVMS)
  • Property Administration

Our professionals will provide any level of services you request, ranging from a high level analysis of a specific system to a comprehensive review of all practices, internal controls, and written policies and procedures. A team of specialists will be prepared to develop and implement necessary changes in existing practices, and document revised practices with formal company guidelines. Our firm has an extensive library of policy and procedure templates, which if required, can be used to amend or create new policies/procedures for any business system listed above. We will also provide training to your professionals regarding the applicable regulations, the audit approach, and best practices for maintaining an effective and compliant system, and we can serve as your principal facilitator during any related government audit.

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