Services: Compliance

Compliance Tips & Tools for 8(a) and Small Business Government Contractors

If you are a small business or an 8(a) contractor, U.S. Government compliance requirements can seem overwhelming. We’ve got you covered! Join our accounting and contracting experts for real-world tips and recommendations to help you with your financial reporting. We’ll provide an overview of requirements for both 8(a) government contractors, plus requirements for other small…

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Mastering Your Statement of Functional Expenses

A statement of functional expenses is fundamental to nonprofit accounting. While providing a comprehensive breakdown of your expenditures, a functional expense statement also helps to enhance the accuracy and transparency of your nonprofit financial reporting. Not to mention, failure to accurately report functional expenses on your Form 990 could put your organization’s nonprofit status in…

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Strategies for Indirect Cost Recovery for Fixed Price Government Contractors

By Paul Calabrese, Principal Government contracts come in various forms, each with its own set of rules and requirements. Critical to a contractor’s financial health, indirect costs are treated differently in fixed-price contracts compared to cost-reimbursable contracts. While fixed-price contractors may not face the same disclosure and cost build-up demands as their cost-reimbursable counterparts, they…

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Update on DCAA Current Initiatives

Are you in the loop when it comes to the latest guidance issued by DCAA? Join GRF Principal of Outsourced Accounting & Advisory Services and GovCon expert, Paul Calabrese, who will review DCAA’s current guidance on audit procedures including incurred cost proposals, business systems and defective pricing. The session will also cover the contractor submission…

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Winning the Financial Game: Your Playbook for SAS 145 and CECL Implementation

The Auditing Standards Board of the American Institute of CPAs, has released a new auditing standard that will impact nonprofits, private companies, and governmental entities. Statement on Auditing Standards (SAS) 145: Audit Evidence is effective for audits of financial statements for periods ending on or after December 15, 2022. In other words, SAS 145 will…

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