The recent limitation imposed on the Defense Contract Audit Agency to perform audits means private sector accounting firms now have the opportunity to work more closely with federal agencies to help assess proposals, indirect rates, and business systems of qualifying government contractors.
This change has elevated the need for accountants specializing in government contracting who fully understand the criteria federal agencies use to select and retain contractors.
Compliance and efficiency are paramount to not only achieving the government’s goals, but also for contractors to maximize their own opportunities afforded by a federal contract. With that in mind, we’ve identified the top five areas government contractors need to shore up to ensure their services are efficient and profitable.
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