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Government Contractors - Best Practices to Guide You Forward.
As of Monday, January 28, President Donald Trump has signed various executive orders requiring the halt of federal funding for various programs. This will allow the administration to determine the program's alignment with legal and presidential priorities. These orders impact funding for foreign aid, non-governmental organizations, diversity, equity and inclusion (DEI) programs, gender ideology, Green New Deal initiatives, as well as funding under the Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (IIJA) programs. Eric Poppe, a Managing Director in Cherry Bekaert's Government Contracting Industry practice, is joined by Jeff Annessa, a Senior Manager in the Firm's Government Contracting practice who spent 13+ years with DCAA, to discuss what this means for government contractors moving forward.Listen to learn more about:What it means when an organization receives a stop work order How to understand the terms and conditions of the contract or awardWhen to reach out to your contracting officer The flow down of responsibilities for prime contractors vs. subcontractors when receiving a stop-work order or a termination of contractThe importance of documenting all costs and expensesThe differences between terminations of fixed price and cost-plus contracts or awardsStrategies to control and mitigate costsSteps you can take to help minimize the settlement process timeline Ways to maximize cost recovery during settlement or negotiationsCherry Bekaert's team of government contracting professionals has significant experience with the complexities and challenges of navigating these types of executive orders. If you have any questions specific to your situation, our government contracting consultants are available to discuss your situation with you.View all Government Contracting Podcasts
Government Contractors - Best Practices to Guide You Forward.
In this episode of Cherry Bekaert's Government Contracting podcast, host and Advisory Services Manager Shaydah Naraghi is joined by Advisory Services Senior Manager Christine DeYuliis to discuss how Unanet could help guide your business forward. Tune in to learn more about:How Unanet got its nameHow long it typically takes employees to adopt time and expense functionality in UnanetThe recommended company size needed to utilize UnanetHow Unanet supports growth in a companyHow Unanet supports DCAA and FAR complianceThe ease of standard and analytics reportingAdditional resources available during and after implementation Cherry Bekaert's team of government contracting professionals has significant knowledge and experience with Unanet. As more guidance comes forth, we are here to provide regular updates and thought leadership to guide your journey forward. If you have any questions specific to your situation, Cherry Bekaert is here to discuss solutions tailored to you.View all Government Contracting Podcasts
On this episode, we sit down with Katelyn Rigle from Defense Contract Audit Agency to discuss breaking into GovCon from a DCAA perspective and what small businesses need to know. Katelyn goes over a lot of information regarding audits that are really essential for all businesses to know about when doing business with the Government. Don't miss out on this vital information. To connect with Katelyn, find her on LinkedIn To see the slides referenced please email for a copy.
Today we delve into the intricate world of federal contracting with our esteemed guest, Katelyn Rigle. As the Operations Audit Liaison Small Business Coordinator for the Defense Contract Audit Agency (DCAA), Katelyn brings a wealth of experience and insight into the dynamics of government contracting, particularly for small businesses. Katelyn serves as the Operations Audit Liaison Small Business Coordinator for DCAA, stationed at Fort Belvoir, VA. With over a decade of experience, Katelyn has been an integral part of the DCAA team since 2009. She currently holds the role of small business liaison, providing invaluable education, guidance, and support to small and medium-sized businesses navigating federal contracts. In this episode, Katelyn shares her insights into the unique challenges and opportunities that small businesses encounter in the federal contracting arena. She discusses the importance of compliance, transparency, and accountability in securing and maintaining federal contracts. Katelyn sheds light on the role of the Defense Contract Audit Agency and its impact on ensuring the integrity of government contracts. As the agency's small business liaison, Katelyn highlights the various initiatives and programs aimed at empowering small and medium-sized businesses in the federal contracting space. She emphasizes the significance of collaboration between government agencies, the Small Business Administration, APEX Accelerators, and federal consulting firms in fostering the growth and success of small businesses. Join us in this enlightening conversation as we unravel the complexities of federal contracting and empower small businesses to thrive in the government marketplace. Tune in to The Daily Windup Podcast for this exclusive discussion with Katelyn Rigle! DCAA Small Business Outreach Survey https://www.surveymonkey.com/r/NN5MKMD LinkedIn: https://www.linkedin.com/in/katelyn-rigle-b97ba0282/ Corporate LinkedIn: https://www.linkedin.com/company/defense-contract-audit-agency/mycompany/ Company Website: www.dcaa.mil
Today we had the privilege of hosting Pete Ragone, an esteemed Audit Director at SC&H Group. Pete has been a vital member of the SC&H team since 2015, bringing with him a wealth of experience in public accounting dating back to 1990. Throughout his career, Pete has emerged as a leader in financial statement audits, reviews, and compilations for a diverse range of domestic and international organizations. His clientele spans certified small businesses, including those participating in the SBA 8(a) program, as well as middle- and large-market clients across industries such as Government Contracting, Manufacturing, Construction, Technology, Healthcare, and Nonprofit sectors. Pete's extensive background includes audit management roles in both "Big 4" firms and regional accounting firms. His expertise encompasses a spectrum of financial areas, including cost accounting, DCAA audit compliance, FAR, CAS, foreign currency translation accounting, fair value accounting, complex revenue recognition issues, and more. He has a remarkable track record of providing clients with valuable insights, from accounting software selection and implementation to general business consulting advice. Beyond his client-focused responsibilities, Pete is actively engaged in firm initiatives. He plays a pivotal role in recruiting efforts for the Tysons Corner office and places a strong emphasis on training within his team. Pete has developed and delivered training sessions on various topics, including audit methodology, financial reporting, effective communication, and the impact of new accounting standards. This interview is conducted by our very own Randie Ward, who has graciously decided to step into the role of Middle Market representative for Govcon Giants. So expect to hear more from her in upcoming episodes. We are truly grateful to have had Pete Ragone on the show, sharing his wealth of knowledge and insights into the intricate world of auditing and financial consulting. Stay tuned for more inspiring conversations with industry giants on the Govcon Giants Podcast. Linkedin: https://www.linkedin.com/in/pete-ragone-4124bb3 Website: https://www.schgroup.com/ Twitter: https://twitter.com/SCHGroup Facebook: https://www.facebook.com/SCandHGroup Instagram: https://www.instagram.com/sch_group/ Contact number: 800-832-3008
In this episode, I sit down with Katelyn Rigle, Small Business Outreach Coordinator, Defense Contract Audit Agency to learn more about DCAA's roles and responsibilities in the federal contracting life cycle. She discusses all the different areas DCAA is involved in on behalf of the US Taxpayers to ensure contractors and the federal government are providing and receiving fair and reasonable prices for the goods and services purchased by the various defense agencies in order to support the mission of the defense department.
Doing business with the country's largest customer (the federal government) comes with requirements, opportunities and challenges that other organizations simply don't have. So, what does it take to be truly successful as a government contractor? In this episode of The Wrap, Amber Stout, CPA, Jared Sharp, CPA and Todd McAdams, CPA, CGMA, MACC join our hosts to discuss the nuances of leading organizations to financial and compliance success in the government contracting industry. After listening to this episode, you'll:Be familiar with the opportunities and challenges that are unique to the government contracting industryUnderstand how research and development expenses are capitalized and amortized—and one important nuance for government contractorsKnow the basic information you'll need to provide to meet the unique reporting requirements in this industryUnderstand what really makes a “DCAA-approved” accounting systemKnow a few of the most common tax and business mistakes contractors make—and how to avoid themResources for additional information:Blog: A Business's Guide to R&D Expense Capitalization and Amortization ChangesGuide: DCAA Compliance: A Comprehensive Guide for Government ContractorsBlog: How Can A Small Business Ensure DCAA Compliance?Blog: What Is Included in a DCAA Compliant Indirect Rate Calculation?Blog: Why A DCAA Compliant Chart of Accounts Should Be Your System's FoundationBlog: What Are the Benefits of DCAA Compliance Consulting?Blog: Don't Ignore These DCAA Accounting Policies and ProceduresBlog: Tips for Protecting your Government Contracting Business with QuickBooks DCAA ComplianceBlog: Three Broad Issues a DCAA Audit Can Uncover for Government ContractorsBlog: A DCAA Compliance Checklist for Government ContractorsBlog: Five Steps to DCAA Timesheet Compliance for Government ContractorsBlog: How to Identify an Adequate Accounting System for Government Contracts [12 Important Elements]Blog: Determining the Best Accounting Software for Small Government ContractorsBlog: Business Process Optimization: 5 Ways to Improve Your Systems and Processes
Government Contractors - Best Practices to Guide You Forward.
In the second episode of Cherry Bekaert's Cost Accounting Standards (CAS) podcast series, Eric Poppe, a Managing Director in Cherry Bekaert's Government Contracting Industry practice, is joined by Jeff Annessa, a Senior Manager in the Firm's GovCon practice who spent 13+ years with DCAA and held various positions such as Quality Manager, Supervisory Auditor, Field Audit Office Manager, and Artan Ivezaj, a manager in Cherry Bekaert's GovCon practice with 15 years of experience at the DCAA, to discuss CAS considerations for a growing GovCon. Listen to this the episode to find out more about:When a company should start thinking about CASThe difference between full and modified CAS coverageExplanation of the fundamental requirements of CAS 401 and 402CAS 401: Consistency in Estimating, Accumulating, and Reporting CostsCAS 402: Consistency in Allocating Costs Incurred for the Same PurposeThe commonality of Federal Acquisition Regulation (FAR) Cost Principles, Approved Accounting System, and CASBeing aware of CAS 405 and 406CAS 405: Approved accounting system requires the system to ensure unallowable costs are reviewed and removed from government billingsCAS 406: Cost Accounting PeriodImportant notes about CAS Coverage and the applicability towards subcontractsDisclosure Agreement as it pertains to CASCherry Bekaert's team of government contracting consultants have significant CAS experience and can help your growing government contracting business navigate CAS. If you have any questions specific to your situation, our GovCon consultants are available to discuss your situation with you. Contact us.If you haven't already, catch up on Part 1 of the series:Cost Accounting Systems Series: Part 1 – An OverviewRelated GuidanceWebinar Recording: Cost Accounting Standards (CAS): Part 1 – CAS Coverage Types, Common Standards, and CAS ApplicabilityWebinar Recording: Cost Accounting Standards (CAS): Part 2 – Cost Accounting Changes and ImpactView all Government Contracting Podcasts
Government Contractors - Best Practices to Guide You Forward.
Cost Accounting Standards (CAS) are 19 standards and rules promulgated by 41 U.S.C. 422. These standards impact emerging small and large businesses alike. They are designed to achieve uniformity and consistency in cost accounting practices and to improve the accuracy of cost data by ensuring its basis on consistent definitions and principles. Ultimately, the Federal government wants a reliable basis for cost comparison and decision making. This allows them to be able to compare proposals from contractor to contractor and from a single contractor year-over-year.In this new Cherry Bekaert GovCon Podcast CAS series, Eric Poppe, a Managing Director in Cherry Bekaert's Government Contracting Industry practice, is joined by Jeff Annessa, a Senior Manager in the Firm's GovCon practice who spent 13+ years with DCAA holding positions such as Quality Manager, Supervisory Auditor and Field Audit Office Manager, to give an overview of CAS. Listen to find out:An overview of CASThe differences between the Federal Acquisition Regulation (FAR) and CASWhat the standards consist of, including the four main categories When CAS comes into consideration as it pertains to government contractingWhen CAS would apply to a contract and if there are certain dollar thresholdsThe current exemptions, differences in full and modified CAS coverage and applicationOverview of the disclosure statement requirementWhy contractors should consider completing a disclosure statement prior to being CAS- covered Who is responsible in administering CAS and making the required determinations and findings The benefits of abiding by CASPitfalls and compliance considerations for changes in accounting practices, M&A activity and budgeting/forecasting Cherry Bekaert's Government Contractor Industry practice has significant CAS experience and can help you navigate CAS compliance issues or disclosure statement development. Contact us to discuss your situation.Don't forget to keep an eye out for the remainder of our GovCon podcast CAS series, where our hosts will go into more detail on the specifics of the individual CAS standards, general requirements, cost accounting changes and the disclosure statement. View all Government Contracting Podcasts
Government Contractors - Best Practices to Guide You Forward.
In this episode of Cherry Bekaert's Government Contracting podcast, Brendan Halloran, a Director in Cherry Bekaert's Government Contracting Industry practice ,and Jeff Annessa, a Senior Manager in the Firm's GovCon practice continue our Contractor Business Systems series, discussing system reviews, audit findings, corrective actions, and ACO determinations.Indicators of potential findings or noncompliances during a DCAA system audit and steps contractors can takeThe DCMA system review processThe ACO process in determining the level of deficienciesWays to get a DCAA finding viewed as non-significant and differences between DCAA and DCMA Business System Deficiency terminologyTools used by the ACO and how they work through the processThe corrective action processCherry Bekaert's Government Contracting Industry advisors excel in navigating business systems requirements and intricate control environments, offering guidance in the development, maintenance, assessment, and audit preparation of compliant systems for contractors facing reviews by DCAA, DCMA, or related agencies.View all Government Contracting Podcasts
Government Contractors - Best Practices to Guide You Forward.
The Federal Acquisition Regulation (FAR) doesn't provide many details on the specifics related to an adequate timekeeping system. However, the Defense Contract Audit Agency (DCAA) does have some specific requirements they look for when performing accounting system audits and labor floor checks.In this episode of Cherry Bekaert's GovCon Podcast, Eric Poppe, a Managing Director in Cherry Bekaert's Government Contracting Industry practice, is joined by Jeff Annessa, a Senior Manager in the Firm's GovCon practice who spent 13+ years with DCAA and held various leadership positions such as Quality Manager, Supervisory Auditor and Field Audit Office Manager, and Jacquelin LaClair, a Manager in the Firm's GovCon practice who spent 10 years working with DCAA and the Defense Contract Management Agency (DCMA). They discuss one of their favorite topics: timekeeping and the government's expectations. Listen to find out:Why contractors should have written timekeeping policies and procedures in place and should consider including all types of work arrangements available by your organization (in-office, remote or hybrid)Key elements for an adequate timekeeping systemEnsuring segregation of responsibilities for labor-related activitiesTotal Hours Worked approach and why the government caresPolicies and procedures that address how direct and indirect time is recordedHow to handle paper vs. electronic timesheets The employee and the supervisor roles in certifying the accuracy of timesheets on a daily, weekly, bi-weekly or monthly basis Record retention requirements for timesheetsAt the end of the day, would a government auditor be able to review your current timekeeping policies and procedures and compare them to what is currently happening at your organization and find no discrepancies? If you have any questions specific to your situation, we are available to discuss your situation with you. Contact us. View all Government Contracting Podcasts
Government Contractors - Best Practices to Guide You Forward.
The Defense Contract Audit Agency (DCAA) recently released its Fiscal Year 2022 Report to Congress. By law, the DCAA is required to submit an annual report detailing the DCAA's activities for the previous year.In this episode of Cherry Bekaert's GovCon Podcast, Eric Poppe, a Managing Director in Cherry Bekaert's Government Contracting Industry practice, is joined by Jeff Annessa, a Senior Manager in the Firm's GovCon practice who spent 13+ years with the DCAA and held various positions such as Quality Manager, Supervisory Auditor, Field Audit Office Manager and Senior Financial Liaison Advisor, and Jacquelin LaClair, a Manager in the Firm's GovCon practice who spent 10 years working with the DCAA and the Defense Contract Management Agency (DCMA), discuss key takeaways from the DCAA's report as an update to Cherry Bekaert's DCAA Update webinar in February 2023. Listen in to find out about:Number of audits conducted by the DCAA, noted questioned costs and which audits were performed more frequentlyOverall return on investment (ROI) for each audit type and what this means for government contractorsInvestigative casesSustention rates by audit, how those rates are important to the DCAA and how this impacts contractorsTiming to complete an audit, by audit typeNumber of incurred cost audits performed by Independent Public Accounting FirmsHow the DCAA assists with Other Transaction Authorities (OTAs), the overall impact to the DCAA and current trendsDifference between an incurred cost audit and a low-risk memo, when one is issued over the other and how many audit reports and memos were issued by the DCAA in FY22Post-pandemic changes occurring within the DCAAEstablishment of Operations Business Enterprise and Data Intelligence Division (OBD) and what is currently being worked on with the DCAADCAA's External Peer ReviewWhether you are a small business expecting your first audit, or a large contractor preparing for one of your many different audits, Cherry Bekaert's GovCon consultants work with clients to prep for audits, resolve DCAA findings and have extensive hands-on experience in this subject. If you have any questions specific to your situation, we are available to discuss your situation with you. Contact usView all Government Contracting Podcasts
Government Contractors - Best Practices to Guide You Forward.
A government contractor Material Management and Accounting System (MMAS), as outlined in Defense Federal Acquisition Regulation Supplement (DFARS) 252.242-7004, is a system for planning, controlling and accounting for the acquisition, use, issuance and disposition of material. It is under the cognizance of the Defense Contract Audit Agency (DCAA) and geared towards a contractors' manufacturing planning and production. In this seventh episode of Cherry Bekaert's podcast series on each of the Contractor Business Systems, Brendan Halloran, a Senior Manager in Cherry Bekaert's Government Contracting Industry practice who was previously a Divisional Administrative Contracting Officer (DACO) at the Defense Contract Management Agency (DCMA), is joined by John Bula, a Manager, and Chris Morris, a Senior Associate, in the Firm's GovCon practice to discuss the requirements for a contractor MMAS, when contractors are obligated to maintain a MMAS and what to expect from DCAA during an audit. Listen in to find out about:What is a Material Management and Accounting System?When are contractors obligated to maintain an adequate and acceptable MMAS? What are common elements of MMAS?When is a MMAS review or audit needed and what is expected from the DCAA?How should a contractor prepare for a review or audit by DCAA?What are operational benefits of a MMAS?What are typical issues encountered with internal monitoring, or a government audit or review?If you have any questions specific to your situation, Cherry Bekaert's GovCon Consultants are available to discuss your situation with you. Contact usIf you haven't already, catch up on other parts of the series:Contractor Business Systems Series: Part 1 – ApplicabilityContractor Business Systems Series: Part 2 – Accounting SystemContractor Business Systems Series: Part 3 – Cost Estimating System RequirementsContractor Business Systems Series: Part 4 – Purchasing SystemContractor Business Systems Series: Part 5 – Earned Value Management SystemContractor Business Systems Series: Part 6 – Property Management SystemCherry Bekaert's Government Contracting Industry advisors are well versed in business systems requirements and complex control environments. We guide contractors in developing and maintaining compliant business systems, performing systems assessments, providing audit support and preparing contractors for audits or reviews by the Defense Contract Audit Agency (DCAA), the Defense Contract Management Agency (DCMA) or other cognizant agencies.View all Government Contracting Podcasts
Pour ce deuxième épisode Du Coq À l'Âne en version écourtée nous recevons Marie-Josée Dugas, une technicienne en santé animale (TSA) qui travaille en imagerie depuis de nombreuses années (avec notre Âne!) et qui s'occupe également de la banque de sang (chiens et chats) de l'un des grands Centres vétérinaires spécialisés de la région de Montréal. Marie-Josée nous parle de l'importance des transfusions sanguines dans les soins vétérinaires, du fonctionnement d'une banque de sang animale et des méthodes de prélèvement, et aussi du recrutement des nouveaux donneurs. Tout le contenu en audio et vidéo de la web-série Du Coq À l'Âne est disponible via le lien ici: https://linktr.ee/ducoqalane ******
Slam the Gavel welcomes Leisa Loftis, CPA to the podcast. She has over 24 years of experience and began her career, after graduating from Tennessee Technological University, at RSM International in Washington DC. After working in public accounting for RSM as an Audit Supervisor Leisa left public accounting to work for Stanley Associates as an Accounting Manager. While at Stanley Leisa successfully assisted in taking the company public on the NYSE with their IPO in October 2006 raising over $80 million dollars in capital. Prior to the IPO she assisted in designing and implementing newly enacted legislation, known at the time as Sarbanes Oxley. Her work satisfied the PCAOB, SEC, DCAA as well as the audit teams of both Deloitte & Ernst & Young. Leisa worked through several M&A's and Stanley was later merged with CGI, Inc out of Canada. She returned to her hometown of Cookeville, Tennessee where she opened her consulting practice in 2007 while continuing to work as a federal contractor in Washington DC. Loftis CPA was a paperless hybrid firm from inception as Leisa worked remotely from DC and occasionally met with her clients in person in Tennessee. Leisa volunteered her time to many local nonprofits as well as gave back to the accounting profession by mentoring local high school accounting students through the TSCPA. One of her student teams from CHS competed internationally in a business plan competition sponsored by Microsoft and won 3rd place for 'Best Business Plan'. Leisa also chaired a successful mentoring pilot program with the AICPA Young CPA committee. This mentoring program was designed to match CPAs with aspiring CPAs from colleges and universities across the USA to help them transition from college life to a professional career. Leisa has worked with small mom & pop companies using QuickBooks all the way to multiple large conglomerates based in Tokyo. Leisa has issued J GAAP reporting packages as well as US GAAP financial statements. Leisa has found working with her Japanese counterparts to be very exciting, fulfilling work and the time zones make the relationship a perfect match! We have become an international small firm and are always excited to partner with entities overseas. In 2011 she was selected by the AICPA to participate in the AICPA's Leadership Academy and she continues to give back to her profession as often as possible by mentoring students and volunteering for the AICPA Scholarship Task Force. We talked about www.whiteribbonTN.org and that she received great news that her organization may be able to link with NOVA for a better way to train an advocate. A volunteer to sit with a survivor of the Family Court System for Emotional Support and be a Court Watcher. Leisa wants to bring advocates to her area in TN, but to all the states eventually. Great discussion and Leisa will keep us updated on her organization.To Reach Leisa Loftis: www.whiteribbonTN.org and leisaloftis@gmail.comSupport the showSupportshow(https://www.buymeacoffee.com/maryannpetri)http://www.dismantlingfamilycourtcorruption.com/
Slam the Gavel welcomes Leisa Loftis, CPA to the podcast. She has over 24 years of experience and began her career, after graduating from Tennessee Technological University, at RSM International in Washington DC. After working in public accounting for RSM as an Audit Supervisor Leisa left public accounting to work for Stanley Associates as an Accounting Manager. While at Stanley Leisa successfully assisted in taking the company public on the NYSE with their IPO in October 2006 raising over $80 million dollars in capital. Prior to the IPO she assisted in designing and implementing newly enacted legislation, known at the time as Sarbanes Oxley. Her work satisfied the PCAOB, SEC, DCAA as well as the audit teams of both Deloitte & Ernst & Young. Leisa worked through several M&A's and Stanley was later merged with CGI, Inc out of Canada. She returned to her hometown of Cookeville, Tennessee where she opened her consulting practice in 2007 while continuing to work as a federal contractor in Washington DC. Loftis CPA was a paperless hybrid firm from inception as Leisa worked remotely from DC and occasionally met with her clients in person in Tennessee. Leisa volunteered her time to many local nonprofits as well as gave back to the accounting profession by mentoring local high school accounting students through the TSCPA. One of her student teams from CHS competed internationally in a business plan competition sponsored by Microsoft and won 3rd place for 'Best Business Plan'. Leisa also chaired a successful mentoring pilot program with the AICPA Young CPA committee. This mentoring program was designed to match CPAs with aspiring CPAs from colleges and universities across the USA to help them transition from college life to a professional career. Leisa has worked with small mom & pop companies using QuickBooks all the way to multiple large conglomerates based in Tokyo. Leisa has issued J GAAP reporting packages as well as US GAAP financial statements. Leisa has found working with her Japanese counterparts to be very exciting, fulfilling work and the time zones make the relationship a perfect match! We have become an international small firm and are always excited to partner with entities overseas. In 2011 she was selected by the AICPA to participate in the AICPA's Leadership Academyand she continues to give back to her profession as often as possible by mentoring students and volunteering for the AICPA Scholarship Task Force. We talked about White Ribbon. org and that she received great news that her organization may be able to link with NOVA for a better way to train an advocate. A volunteer to sit with a survivor of the Family Court System for Emotional Support and be a Court Watcher. Leisa wants to bring advocates to her area in TN, but to all the states eventually. Great discussion and Leisa will keep us updated on her organization. To Reach Leisa Loftis: white ribbon.org and leisaloftis@gmail.com Support the show Supportshow(https://www.buymeacoffee.com/maryannpetri) http://www.dismantlingfamilycourtcorruption.com/ --- Support this podcast: https://podcasters.spotify.com/pod/show/maryann-petri/support
The Defense Contract Audit Agency or DCAA, found something out the hard way. If it takes to long to audit cost reimbursement support documents held by contractors, tough. The government is still responsible for the costs. A recent Armed Services Contract Board of Appeals delivered that outcome in a case that Federal Drive host Tom Temin discussed with Zach Prince, a partner at Smith Pachter McWhorter.
The Defense Contract Audit Agency or DCAA, found something out the hard way. If it takes to long to audit cost reimbursement support documents held by contractors, tough. The government is still responsible for the costs. A recent Armed Services Contract Board of Appeals delivered that outcome in a case that Federal Drive host Tom Temin discussed with Zach Prince, a partner at Smith Pachter McWhorter.
Gregory K. Spearman is a native of Glenwood, GA, and received his B. S. Degree from Fort Valley State University, Fort Valley, Georgia, a Master's Degree from Atlanta University in Atlanta, Georgia, and his M.P.H. degree from the University of Texas Health Science Center in Houston, TX. He worked for the Houston- Galveston Area Council of Governments as a Healthcare Consultant and then as a Purchasing Planner for the Agency's Cooperative Purchasing Program where he served as Program Administrator for the Cooperative Purchasing Program for four years. He served as Director of Purchasing for the City of Savannah, Georgia from 1986 to 1991. In the latter part of 1991, he became the Director of Purchasing for the City of Charlotte and Mecklenburg County, North Carolina Purchasing Department, a consolidated City-County Purchasing operation. In 2000, he went to work in the private sector for Onvia, a company that produces Web-Based Purchasing Software for public agencies. He helped to develop purchasing solutions for agencies needing to improve their purchasing process via automation. Mr. Spearman is a Certified Public Purchasing Officer (CPPO) and has been active in the National Institute of Governmental Purchasing (NIGP) for a number of years as a seminar presenter, instructor, member of the Talent Council, and mentor. He is currently Director of Purchasing for the City of Tampa where he manages a staff of 29 and is responsible for the day-to-day operation of the acquisition of $420M of various goods and services, disposal of surplus property, and Inventory Management for the City. He is an active member of the Tampa Bay Chapter of NIGP and served as Chair of the Planning and Development Committee on the Community Action Board of Hillsborough County for thirteen (13) years, a Community Action Agency whose mission is to help low-income citizens to become self-sufficient. He also is a member of the City's Emergency Management Steering Committee. He is an active member of the Carmel Friendship Church where he serves in the Prayer Ministry, Pandemic Response Task Force, Men's Ministry, and Growth Track Facilitator. He is married and has three adult children and one granddaughter. Learn more about DCAA and the work they do: https://www.tampa.gov/purchasing LinkedIn Profile: https://www.linkedin.com/in/gregory-spearman-nigp-cpp-cppo-30060b1a/ --- Send in a voice message: https://anchor.fm/governmentcoins/message Support this podcast: https://anchor.fm/governmentcoins/support
Gregory K. Spearman is a native of Glenwood, GA, and received his B. S. Degree from Fort Valley State University, Fort Valley, Georgia, a Master's Degree from Atlanta University in Atlanta, Georgia, and his M.P.H. degree from the University of Texas Health Science Center in Houston, TX. He worked for the Houston- Galveston Area Council of Governments as a Healthcare Consultant and then as a Purchasing Planner for the Agency's Cooperative Purchasing Program where he served as Program Administrator for the Cooperative Purchasing Program for four years. He served as Director of Purchasing for the City of Savannah, Georgia from 1986 to 1991. In the latter part of 1991, he became the Director of Purchasing for the City of Charlotte and Mecklenburg County, North Carolina Purchasing Department, a consolidated City-County Purchasing operation. In 2000, he went to work in the private sector for Onvia, a company that produces Web-Based Purchasing Software for public agencies. He helped to develop purchasing solutions for agencies needing to improve their purchasing process via automation. Mr. Spearman is a Certified Public Purchasing Officer (CPPO) and has been active in the National Institute of Governmental Purchasing (NIGP) for a number of years as a seminar presenter, instructor, member of the Talent Council, and mentor. He is currently Director of Purchasing for the City of Tampa where he manages a staff of 29 and is responsible for the day-to-day operation of the acquisition of $420M of various goods and services, disposal of surplus property, and Inventory Management for the City. He is an active member of the Tampa Bay Chapter of NIGP and served as Chair of the Planning and Development Committee on the Community Action Board of Hillsborough County for thirteen (13) years, a Community Action Agency whose mission is to help low-income citizens to become self-sufficient. He also is a member of the City's Emergency Management Steering Committee. He is an active member of the Carmel Friendship Church where he serves in the Prayer Ministry, Pandemic Response Task Force, Men's Ministry, and Growth Track Facilitator. He is married and has three adult children and one granddaughter. Learn more about DCAA and the work they do: https://www.tampa.gov/purchasing LinkedIn Profile: https://www.linkedin.com/in/gregory-spearman-nigp-cpp-cppo-30060b1a/ --- Send in a voice message: https://anchor.fm/governmentcoins/message Support this podcast: https://anchor.fm/governmentcoins/support
For our latest episode, our guest, Natasha Velez, shares her knowledge of the government contract sphere and the companies that bid on contracts to help serve our country.Natasha is an industry expert with over 10 years of DCAA accounting and compliance. Her managed business services company uses that extensive experience with government contract accounting to connect her clients with the solutions, resources, and contacts that they need to succeed in an ever-changing government landscape. With a reputation for candor and the ability to get to the heart of any issue, her clients rely upon her straightforward answers to complex business issues and to make sure they are addressing their finances correctly.She shares her journey as a business owner and how she had developed a strong reputation and robust relationships in the industry to continually be referred by her clients to other business owners in need of her services.To learn more about NVS Strategic Solutions, click https://www.nvsstrategicsolutions.comAs always, this podcast is brought to you by Profit Master Business Solutions, implementing measured marketing for small businesses while calming the chaos and creating the confidence and competence to exceed expectations.Click www.profitmasterbusinesssolutions.com.You can find your host, Howard Wolpoff, at:www.profitmasterbusinesssolutions.comTwitter - https://twitter.com/hwolpoffInstagram - https://www.instagram.com/hwolpoff/TikTok - https://www.tiktok.com/@hwolpoffThank you for listening!
ALL IN NFT - Der tägliche NFT, Metaverse, Web3, Krypto Podcast
Es ist Dienstag 21. Juni und herzlich willkommen zu einer neuen Folge All in NFT.In der heutigen Folge erfahrt ihr von der Idee Rumäniens die Bürokratie durch den Einsatz von NFTs zu vereinfachen.Südkorea verschiebt erneut die Erhöhung der Kryptosteuer. Celsius versucht durch offene Transparenz Ruhe in das Unternehmen zu bekommen.Es gibt News aus Frankreich und Kasachstan.Und neben den Einblicken auf die Kurse der Kryptowährungen und den Floorpreisen auf Opensea, gibt es Hinweise zu Lacoste, dem DCAA Projekt und eine Ankündigung zu der ersten NFT Kollektion von Nickelodeon. Also viel Spaß mit der heutigen Folge von All IN NFT.All in NFT Social Media Kanäle für News rund um NFTs und mehr.Linktr.ee:https://linktr.ee/mic_sebAll in NFT Discord:https://discord.gg/4js6Pg7FJkInstagram: Mic_Sebhttps://instagram.com/mic_seb?igshid=YmMyMTA2M2Y=LinkedIn:linkedin.com/in/sebastian-michels-2b3b24238Twitter: @Mic_Seb91https://twitter.com/MicSeb91You Tube: All in NFThttps://youtube.com/user/VRK226Metaverse NFT Galerie von All in NFT:https://oncyber.io/allinnftBei den oben genannten Themen handelt es sich um keine Anlageberatungen. Der Podcast dient lediglich der Unterhaltung.
ALL IN NFT - Der tägliche NFT, Metaverse, Web3, Krypto Podcast
Zum Start in die neue Woche gibt es Neuigkeiten zu Elon Musk dem eine Schadenklage über 258 Millionen Dollar droht.Während der Präsident Panamas ein Veto zu Thema Kryptogesetz einlegt, schließen sich mehrere US Staaten zusammen um eine Untersuchung zu Celsius durchzuführen.Die Gamestop Wallet integriert das erste Play to earn Game.Es gibt NFT News zu Instagram, den Gobblins und Seth Green.Und bevor wir uns die Kurse der Kryptowährungen und abschließend auf opensea umschauen, gibt es große Neuigkeiten zu dem anstehenden Release des Euro Coin.Also viel Spaß mit der heutigen Folge von All in NFT.All in NFT Social Media Kanäle für News rund um NFTs und mehr.Linktr.ee:https://linktr.ee/mic_sebAll in NFT Discord:https://discord.gg/4js6Pg7FJkInstagram: Mic_Sebhttps://instagram.com/mic_seb?igshid=YmMyMTA2M2Y=LinkedIn:linkedin.com/in/sebastian-michels-2b3b24238Twitter: @Mic_Seb91https://twitter.com/MicSeb91You Tube: All in NFThttps://youtube.com/user/VRK226Metaverse NFT Galerie von All in NFT:https://oncyber.io/allinnftBei den oben genannten Themen handelt es sich um keine Anlageberatungen. Der Podcast dient lediglich der Unterhaltung.
Joseph Greger Small Business Program Manager Mr. Greger is the Small Business Program Manager and is located at DCAA Headquarters in Fort Belvoir, Virginia. In this capacity, he serves as the program manager and audit expert for the small business program with responsibility to provide assistance, consultation and internal control with regard to audit requirements and their application to small business. Mr. Greger graduated from California University of Pennsylvania with a Master of Science in Business Administration and a Bachelors in Accounting. He began his DCAA career as an Auditor at the Herndon Branch Office in Northern Virginia. He was promoted to Supervisory Auditor then Branch Manager at the Springfield Branch Office. Mr. Greger has also served in Headquarters as an OWD Program Manager in the Operations Directorate. Mr. Greger resides in Alexandria, Virginia. Learn more about DCAA and the work they do: https://www.dcaa.mil/ --- Send in a voice message: https://anchor.fm/governmentcoins/message Support this podcast: https://anchor.fm/governmentcoins/support
Joseph Greger Small Business Program Manager Mr. Greger is the Small Business Program Manager and is located at DCAA Headquarters in Fort Belvoir, Virginia. In this capacity, he serves as the program manager and audit expert for the small business program with responsibility to provide assistance, consultation and internal control with regard to audit requirements and their application to small business. Mr. Greger graduated from California University of Pennsylvania with a Master of Science in Business Administration and a Bachelors in Accounting. He began his DCAA career as an Auditor at the Herndon Branch Office in Northern Virginia. He was promoted to Supervisory Auditor then Branch Manager at the Springfield Branch Office. Mr. Greger has also served in Headquarters as an OWD Program Manager in the Operations Directorate. Mr. Greger resides in Alexandria, Virginia. Learn more about DCAA and the work they do: https://www.dcaa.mil/ --- Send in a voice message: https://anchor.fm/governmentcoins/message Support this podcast: https://anchor.fm/governmentcoins/support
We bring together Ms. Janice Muskopf of DPC and Ms. Debbra Caw of DCAA with the aim of demystifying DPC "Pricing" and DCAA as they work together to support small businesses. By the end of this interview, small business owners will be better equipped to do business with the DoD.
WBSRocks: Business Growth with ERP and Digital Transformation
ERP industry is divided mainly into two flavors. One is primarily focused on product-centric industries such as manufacturing, distribution, and retail. The other focuses on service-centric industries such as not-for-profit, architecture and engineering firms, construction, public sector, education, etc. But if you are in the construction or govt contracting space, your needs are likely to be unique. First, you have the compliance needs for unions with their requirements for submissions, which will require substantial reporting functionality for it to work. Then you have in-process compliance requirements, including DCAA, etc. The vanilla ERP, such as SAP, Sage, Acumatica, etc., may require several add-ons to support this critical piece of functionality. Even the ERP designed for professional services such as Workday, Unit4, or FinancialForce may struggle to support the critical functionality needed for these verticals. So what are your options if you are in this space?In today's episode, we invited a panel of industry experts for a live discussion on LinkedIn to discuss major stories in the ERP and digital transformation space and an objective and independent review of Deltek's capabilities. We covered several grounds, including their positioning in specific micro-verticals, product psychology, and corporate strategy. Finally, we covered several micro-vertical stories and why they chose to implement Deltek over other ERP software.For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.
If you work in the Government acquisition world, this podcast is for you. (not just for Contracting Officers!)Kevin discusses indirect rates with Wayne LeLand, a former DCAA auditor, current CPA and CFO from Nperspective, a provider of fractional CFO services. Listen and learn as Kevin and Wayne discuss how integrity of a contractor's rates impacts proposals, contract execution, and audits of past, current, and forecasted costs. _________If you enjoy this podcast, check out Skyway Acquisition at skywaymember.com to begin your relationship with our team of former contracting officers. The Skyway Community is the essential resource for context in the government market. Give us a call at 877-884-5280 or email us at connect@skywayacquisition.com LinkedIn CO Podcast Group: https://www.linkedin.com/groups/6796606/ Facebook Government Contracting Network Group: https://www.facebook.com/groups/GovernmentContractingNetwork ___________Kevin Jans and Paul Schauer created the Contracting Officer Podcast to help government and industry acquisition professionals understand more about how the other side thinks. As former government Contracting Officers who have also worked on the industry side, Kevin and Paul share their perspectives in support of the podcast's mission: Make government contracts better, one contract at a time.
Government Contractors - Best Practices to Guide You Forward.
Listen to Eric Poppe, a Senior Manager in Cherry Bekaert's Government Contracting practice, and Brendan Halloran, also a Senior Manager in the Firm's Government Contracting practice who previously spent 10 years at the Defense Contract Management Agency (DCMA), including 7 years as a Divisional Administrative Contracting Officer (DACO), discuss contractor Business Systems requirements and trends they are currently seeing for Business Systems in large Request for Proposals and solicitations. The Defense Contract Audit Agency (DCAA) has a renewed focus on Accounting, MMAS and Estimating systems and is getting back into the program audit cycle with a focus on completing Business Systems audits. Contractors need to think ahead to understand what the criteria are and prioritize the Systems that apply to their business. By working towards being prepared for a potential audit or review, contractors can avoid surprises or scrambling to get a system reviewed for an RFP requirement.Our government contracting consulting professionals have worked extensively in the Federal contract arena and are well versed in business systems requirements and complex control environments. We guide contractors in developing and maintaining compliant business systems, perform assessments against the criteria, provide audit support, and prepare contractors for audits or reviews by DCAA, DCMA or other cognizant agencies.
In this episode, we talked with Jenny Clark about Demystifying DCAA. Do you need it? Do you even do the type of work that requires it? How do you get it? What are some of the best accounting systems for cost-plus contracts? We answer all of this and tackle some of the most common myths of DCAA. ----- This episode also talks about GovCon Summit. Click here to learn more and to register. https://solvability.com/govconsummit/ ----- Federal Access is helping a lot of companies win. It can help you too. Here's a special offer. Visit https://federal-access.com/gamechangers/ today and get started for just $29. *You are going to get access to a digital copy of the Government Sales Manual. * Over 75 strategy videos * More than 30 webinars * 300 documents and templates AND * SME support. So when you run into an issue, you can email me directly for help. Go check out this special offer today at https://federal-access.com/gamechangers/
Government Contractors - Best Practices to Guide You Forward.
As May wraps up, there is a deadline looming for many government contractors. Eric Poppe and Javier Diaz, members of Cherry Bekaert's Government Contractor Services Group talk about preparing and submitting your annual Incurred Cost Submissions (ICS). An ICS is due six months after the end of your fiscal year and is based on the requirement of the Allowable Cost and Payment Clause. Discussion includes items required to compile your indirect rates, documents needed to prepare the submission, the submission process and potential pitfalls so you are on the lookout prior to submission to DCAA.
This program, episode #8, brought to you by Federal Publications Seminars, a leader in federal government contract training to the industry for the past 60 years, hosts Norm McCord, a partner with Capital Edge Consulting. In episode #8, we talk about DCAA Audits and what contractors can expect in the current environment of 'work from home'. Audits are still happening, though may be some delays, both contractors and the DCAA have found ways to work through the communication challenges to provide documentation and audit support. Federal Publications Seminars has hundreds of online programs, classroom courses and other resources available to the industry. Go to https://www.fedpubseminars.com for more information.
In this last interview of 2019, our guest Merry Korn from Pearl Interactive Network Tells us how she went from social worker to an experienced businesswoman in the federal arena. She encourages everyone to dream big and have a vision. Merry takes us through her journey of her own vision turned to accomplishments. Merry Korn, owner, an experienced businesswoman with a master’s degree in social work, honed her business skills as senior vice president of marketing for American Health Holding, Inc. As part of a team of four founders, Merry grew American Health’s business from a startup company in 1993 to a firm that today has over 300 employees and 20 offices nationwide. In 2004, she founded Pearl Interactive Network, a social enterprise that blends a for-profit business with a social mission that provides work opportunities to the most challenged populations. Through Merry’s leadership, the company is scaling to 1,100 employees, and registered in 40 states. Pearl gained traction among the world’s largest federal government contractors and positioned the company as an expert comprehensive contact center and telehealth solutions firm that provides federal prime contractors with mandated certifications and DCAA-compliant accounting system. Merry and her team have launched Pearl TLC, a supportive care and remote monitoring solution, an end-to-end telehealth solution that combines people, process and technology to address the needs of patients with multiple chronic conditions. For show notes visit: www.govcongiants.com/podcast
Government Contractors - Best Practices to Guide You Forward.
John Carpenter and Curt Smith discuss some of the most common reasons contractors are not successful in getting their accounting system deemed adequate when going through a DCAA audit.
Nell McDonnell interviews Solvability CEO Jenny W. Clark on financial fundamentals of direct and indirect costs, competitive pricing strategies for small businesses and the financial systems required for DCAA compliance, maturity and scalability in government contracting.Host Neil McDonnell, president Small Business Success Club and founder of the HUBZone Chamber of Commerce interviews government and small business experts who generously offer useful tips and insights for HUBZone Chamber members. Discover how small businesses can research opportunities, build relationships, promote their capabilities, request small business set-aside (SBSA) opportunities and secure government business contracts.https://www.GovConChamber.com
Nell McDonnell interviews Solvability CEO Jenny W. Clark on financial fundamentals of direct and indirect costs, competitive pricing strategies for small businesses and the financial systems required for DCAA compliance, maturity and scalability in government contracting.Host Neil McDonnell, president Small Business Success Club and founder of the HUBZone Chamber of Commerce interviews government and small business experts who generously offer useful tips and insights for HUBZone Chamber members. Discover how small businesses can research opportunities, build relationships, promote their capabilities, request small business set-aside (SBSA) opportunities and secure government business contracts.https://www.GovConChamber.com
In this episode, host Nicole Owren-Wiest talks with Elizabeth Buehler, Charles Baek, Michael Gruden, and Catherine Shames about DCAA’s incurred cost audit backlog and its IPA initiative. “It All Adds Up” is Crowell & Moring’s podcast covering the latest government contract accounting, cost, and pricing developments.
In this FAST CAST, we interview Stephen Avery, principle of DCAA Compliance LLC. We discuss what DCAA compliance is, the importance of DCAA compliance, and some items of note for how DCAA compliance affects SBIR/STTR contract/grant performance.
The growing backlog of cost audits at the Defense Contract Audit Agency is delaying contract closeouts. And not just for the Defense Department but for several other agencies that use DCAA. The result is that contractors wait for two years or longer to get their final 5- or 10-percent. Alan Chvotkin, executive vice president and counsel at the Professional Services Council, tells Federal Drive with Tom Temin why this is not just an academic curiosity.
118: Daniel served on active duty Army from 1999 to 2005; mostly at Walter Reed Army Medical Center as a mental health specialist. During that time, his primary duties were to perform psychological tests with soldiers who returned from deployments with heavy injuries and traumatic brain injury. While on active duty, Daniel completed a BA program from the University of Maryland University College. After ETS'ing, Daniel took a job as an auditor at the Defense Contract Audit Agency, better known as DCAA, where he served in multiple roles over 10 years. While at DCAA, Daniel received an MBA from the Smith School of Business at the University of Maryland and became certified as a CPA and CIA (Certified Internal Auditor). He recently left DCAA to start his own CPA firm, Kim & Baum, LLP, with the objective of providing audit services to the government, consulting to gov. contractors, and CPA services to businesses. He can share insightful information for government contractors in meeting compliance requirements and incurred costs submissions. - Army veteran leaves government JOB to start his own accounting business - Accounting for Government Contractors - Get your accounts in order with Army veteran accountant - Army veteran helps other get their accounting systems in order When you're planning to leave the military visit USAA's separations tools and advice for information on readiness and making a successful transition. http://www.veteranonthemove.com/leavingthemilitary June 3, 2016 For the listeners of VETERAN ON THE MOVE Kim & Baum, LLP Newsletter In this issue: • Special Thanks • Accounting Systems • Useful Resources • Contact Us Huge Thanks As a big fan of the podcast “Veteran on the Move,” and an admirer of Joe Crane’s excellent interview skills, I must say it was a great honor to be on the podcast as a guest! I hope that this episode can serve as a source for ambition, courage, and accounting smarts to all veteran entrepreneurs. Daniel Kim, CPA, CIA Accounting Systems My fellow veterans, as you seek business opportunities with the government, one important aspect to keep in mind is whether your accounting system is designed to handle government contracts and pass their audits. It’s more than just the software. Many think that the Accounting System (A/S) describes the software that is used for bookkeeping. However, the A/S is more than just that computer program. It includes the entire process that financial data flows through at your company. The A/S begins with source documents such as timesheets, vendor invoices, etc., and extends all the way to the financial statements that you use for making sound business decisions. So, when your A/S becomes subject to audit, the auditors are looking at not only the functionality of your chosen software, but also your company’s written accounting policies and procedures, and internal controls. A solid software is helpful, but keep in mind that the software is only a piece of your A/S. Starting right As Joe mentioned during the podcast, the entrepreneur really does not have much time to think about accounting when starting a business. So, given other priorities, how can one work towards a compliant A/S? Starting with small tasks can help. Examples of simple starting points can include; reviewing your “Chart of Accounts” to ensure you have the necessary accounts (direct/indirect, allowable/unallowable, etc.); or opening a Word document and naming it your company’s Accounting Manual (aka your Accounting SOP). Becoming familiar with government requirements is also a very smart move in building a compliant A/S. Check out some of the resources listed below. Useful Resources Defense Contract Audit Agency’s public website—www.dcaa.mil In particular, look up the Standard Form (SF) 1408, Preaward Survey of Prospective Contractor Accounting System Defense Federal Acquisition Regulation Supplement (DFARS) 252.242-7006 Provides the definition of an acceptable accounting system Subscribe to our New...
Listen and Learn… This is Part 2 of Kevin’s interview with Garth Arevalo, CEO of Lukos, LLC. In Part 1 they discussed the perspectives they gained after moving from the Government Contracting Officer role to the industry side. This episode provides valuable insight into the small business teaming process as well as the importance of being proactive in developing a new business pipeline. Garth also discusses some of the growing pains (and costs) that Lukos has experienced as they’ve won new business, become familiar with DCAA system reviews, and transitioned from primarily being a subcontractor to bidding as the prime contractor. Special thanks to our episode sponsor, www.govbizconnect.com If you need help with the Government market, join the Skyway Connection Community and get access to one-on-one insights, time-saving tools, and contract-centric training resources that will make sure you’re ready to take advantage of opportunities each time they knock. The Skyway Connection© Community was created specifically to help small companies expand their knowledge and capabilities, and to increase their competitive position in federal government acquisitions. - Learn more at: https://skywayacquisition.com/connect Membership benefits include: Access to Skyway Insight© Webinars Unlimited access to The RFP Score™ Access to Ask a Contracting Officer Forum™ Priority Access to Skyway Team for Skyway Insight, capture, proposal support