KPMG’s Government Contractor Services (GCS) specializes in helping companies understand the ever-changing rules and regulations, and improve internal processes to ward off unnecessary challenges brought by federal auditors and contracting officials. Our professionals can help you identify, evaluate, and prioritize the risks that are inherent in their government contracting compliance environment. We help assess the effectiveness and efficiency of internal controls that have been put in place to manage government contracts and industry guidance compliance. The key regulations include the Cost Accounting Standards (CAS), Federal Acquisition Regulation (FAR), AASHTO Audit Guide, and other specific contractual requirements that are critical to many federal, state and local government contracts.
KPMG helps clients meet compliance challenges in the ever-changing regulatory environment surrounding government contracting by enhancing the effectiveness of internal controls and processes needed to manage government contracts in a compliant manner. Historically, KPMG’s assessments and gap analysis have been instrumental in helping clients maintain approved business systems essential to bidding and performing on government contracts and avoid financial exposure associated with non-compliance.
KPMG’s Regulatory Compliance professionals can help organizations:
- Increase market share and revenue
- Increase gross margin
- Reduce unallowable costs
- Reduce risk
- Verify that the organization is in compliance with the rules and regulations of the government contracting marketplace
KPMG’s team has assisted many clients with identifying areas for improvement and to reduce risk. We have worked with DCAA and DCMA to help them reassess client issues thought to be not in compliance. Resulting in a direct increase to the clients bottom line. We assist clients with government reporting requirements and support the audit process through coordination with the auditor, joint discussions on accounting issues ,and preparation of supporting documentation. This allows the client to focus on key issues and reduce limit disruption to the business.
For more information about KPMG’s Regulatory Compliance for Government Contractors, please contact:
Tyson’s Corner, VA