Contact Us Today for a Free Consultation
"We chose Kline & Company to be our professional
accounting firm at the recommendation of our corporate attorney
because Kline & Company had several overlapping fields of expertise
which would benefit my company. They are experts in managing accounts
for Type S Corporations which have DCAA audited accounts for government
R&D programs and also have extensive expertise in alternative
minimum tax. We have been clients since 2002 and have been very
satisfied with their support."
D. M., President
Government Research and
Development Company
Kline & Company was voted Nashua's #1
Accounting Firm for 2007, 2008 & 2009!
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In December 2008 the Defense Contract Audit Agency (DCAA) issued
the most extreme position it has taken in twenty years by making
sweeping changes to its audit policies. This change in audit policy,
which was effective immediately, has been referred to as 'The
Brave New World of Government Contracting'.
There are three major changes in policy with respect to the Agency's
audit reports. First, DCAA will no longer report 'inadequate in
part' opinions and will find systems either 'wholly adequate'
or 'inadequate'. Second, the new policies forbid auditors to make
suggestions for improvement in contractor's systems. Third, when
a system is found to be deficient the auditor is required to recommend
that payments be suspended on affected contracts.
As part of the audit process, DCAA has teams of professional
personnel solely representing the United States Government to
ensure compliance with Government Procurement Regulations. As
a Government Contractor, you are entitled to similar professional
representation to ensure a level playing field during contract
negotiations and performance. The costs related to this assistance
are fully recoverable as part of your company's indirect rate
structure.
Please contact us
to determine how we may support your requirements as a Federal
Government Contractor. A get acquainted session will help us understand
how we may assist you in your business. Of course, there is no
cost or obligation.
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