Comprehensive Solutions for High-Risk Environments

Interpreting regulatory requirements and managing risk of compliance are critical components of U.S. government contracts. Whether you’re a large public company with several federal contracts, a small private company that was just awarded its first government contract, or a non-profit organization, successfully navigating risks within a highly regulated environment can be challenging.

MorganFranklin’s Government Contracting Advisory Services (GCAS) combines a team of seasoned professionals, working together to help clients successfully contract with the Federal Government. Our team includes former Defense Contract Audit Agency (DCAA) auditors, individuals who have led government contracting compliance practices at large government contractors, as well as previous external assurance and advisory professionals with extensive experience within the government contracting industry. With our combined expertise, we bring a holistic and practical approach to every challenge and provide the most comprehensive and efficient solutions to our clients.

Government Contracting Advisory Services

MorganFranklin’s GCAS experts work alongside your team to ensure critical activities are completed and timelines are met. Areas of support include:

Compliance risk – identification, management & governance:

  • Identification of government contract (GovCon) risk profile
  • Development and implementation of required practices, policies, procedures, and risk-management controls
  • Review and analysis of contract compliance (including performance risk)
  • Assessment of billing compliance with Federal Acquisition Regulation (FAR), FAR agency supplements,
  • Knowledge transfer and training of company personnel

Advice on regulatory requirements:

Assistance with interpretation of government contract requirements related to FAR, CAS, FAR agency supplements (i.e., the Defense Federal Acquisition Supplement (DFARS)), and other contract requirements.

Cost accounting and governmental accounting support:

  • Establishment and maintenance of CAS and regulatory compliant accounting practices
  • Cost Accounting Standards (CAS), and contract-specific terms and conditions
  • Assistance in determining and assessing cost impacts of cost accounting practice changes
  • Indirect rate structure establishment, maintenance, change, and optimization
  • Review or validation of contractor incurred cost proposals
  • Assessment and implementation of system transformation compliance controls
  • Pre and post transaction support (i.e., risk due diligence on targets, evaluation of key system capabilities, evaluation of balance sheet risk reserves, guidance on purchase agreement terms, and integration and carve-out transition support)

Proposal and pricing support:

  • Proposal preparation and pricing
  • Compliance analysis
  • Indirect rate structuring/buildup
  • Estimating system design, redesign, and evaluation

Government and internal audit support:

  • Readiness assessments in preparation for government audits including pre-award accounting system surveys, proposal audits, incurred cost submission adequacy evaluations, DFARS contractor business system compliance audits, and CAS Board disclosure statement audits
  • Pre-award audit support
  • On-going audit support including guidance in responding to auditor requests, audit project management strategy, responses to adverse audit findings, and advice on resolution of adverse audit findings and improvement plans
  • Assistance with managing GovCon risks by performing GovCon risk assessments (including operational and performance risk), compliance, fraud and forensics reviews, developing GovCon focused audit programs, performing risk & control assessments, control testing, and assisting with internal GovCon compliance

Let’s Work Together

We are experienced, engaged professionals that are highly energetic and motivated to work in challenging, high stakes environments.

The MorganFranklin Way™

From defending against adverse audit findings to demonstrating secure IT structures, our experts examine all angles and tackle all aspects, providing a true end-to-end solution.

Team gathered around notebook in meeting