Complimentary DCAA Compliant - FAR Part 31 Accounting System Assessment
Does Your Accounting System Support FAR Part 31 Compliance?
As a government contractor, your accounting system must accurately track project costs, support compliant billing and demonstrate financial accountability in accordance with Generally Accepted Accounting Principles (GAAP). Federal Acquisition Regulation (FAR) Part 31 establishes the cost principles used to determine whether costs charged to federal contracts and grants are allowable, allocable and reasonable.
Gain Clarity on Your Accounting System Compliance
If your accounting system does not clearly separate direct costs, indirect costs and unallowable costs, you will face added risk when preparing bills, responding to auditor questions or pursuing future funding awards. Our complimentary, secure and confidential assessment can help you identify opportunities to strengthen your accounting foundation, improve compliance and reduce risk.
