Federal Government Contracting
The decision to operate as a federal government contractor commits a business to the extensive, complex Federal Acquisition Regulation (“FAR”) rules that can challenge even an experienced and well-established accounting department. The costs of noncompliance can be substantial, in either remediation actions, payment delays, or forgone contract funding. EisnerAmper’s Federal Government Contracting Group provides specialized accounting expertise to help clients focus on their core lines of business and set the stage for future growth.
We work with federal contractors of all sizes, from start-ups to established entities with years of FAR experience, and with many government agencies including the Department of Defense, National Institutes of Health and Department of Energy. Clients engage us for a comprehensive set of pre- and post-award government contract accounting services that include accounting system compliance, contract audit, bid proposal review, and contract termination. Engagements range from accounting system compliance, to incurred cost submissions (“ICS”), FAR consulting and Defense Contract Audit Agency ("DCAA") audits.
Clients benefit from our approach in a number of ways: First, they get the support of an experienced government accounting team. Second, they get industry expertise in key government contracting sectors such as technology, life sciences, clean tech and construction. Third, they get the hands on involvement of senior EisnerAmper professionals, regardless of engagement size.
Our federal government contracting philosophy is that FAR accounting system readiness, once achieved, represents a forward-looking, year-round investment in future growth and success. Our Federal Government Contracting team participates in annual events that educate contractors on accounting system compliance and FAR-related matters, helping them prepare to do business with the federal government.