Government Accounting Services: Audit, Tax, & Advisory

Withum brings a unique perspective to the government contractor industry through a comprehensive suite of services designed to help businesses remain compliant, efficient and profitable.

In today’s climate, it is apparent the government will continue to buy services from the private sector. With increased requirements and guidelines for growing audit, security and regulatory compliance, government contractors need to proactively improve internal controls, processes and procedures to stay competitive in the industry. Compliance is the key to a successful government contract.

Withum’s Government Contractor service professionals work with businesses in virtually all industries. From technology and construction to base operation staff, manufacturing, healthcare and pharmaceuticals, we pride ourselves on our core knowledge of the regulatory environment. Our clients range in size from publicly-traded corporations to closely-held businesses. We have significant expertise serving Native American Contractors, including Tribes, Native Hawaiian Organizations (NHO) and Alaskan Native Corporations (ANC). We provide a wide array of services designed to enable government contractors to maximize their revenues while maintaining compliance with all applicable government regulations.

Services for Government Contractors

Audit and Attest Services

Government Contract Cost Accounting
Financial Statement Audits and Reviews
Overhead Rate Audits
Pre-award Audit Services
Traditional Audit Services

Tax Services

Advisory Services

Digital and Technology Solutions
NIST Compliance
Cybersecurity and Forensic Accounting
ERP and CRM Software Assessment and Implementation
Process Improvements – Automation and Application Modernization, Contract and Program Management
Valuation and Transaction Support for Mergers and Acquisitions

Withum’s team offers the government contractor industry numerous services, allowing our firm to be the one-stop-shop for audit and consulting services. These services include:

Program-specific audits in accordance with a contract requirement.

This audit is performed in accordance with the appropriate regulations and often in accordance with Government Auditing Standards (Yellow Book) or possibly may include the auditing requirements of OMB Circular A-133.

Federal contracting agencies often will require an “Accounting System Certification”

to be submitted within 60 to 90 days of receipt of an award. At times, Pre-award Surveys may also be required.

Most government contracts require the need for a well-documented cost allocation plan.

In lieu of or sometimes in addition to this, an indirect cost rate is a preferred method of allocating costs to a contract. We assist our clients with both cost allocation plans and indirect cost rates.

Assist our clients in maximizing profits and charging expenses to contracts.

Documentation, Documentation, Documentation!

We work with our clients to ensure that systems are in place to document all that is required to be documented.

Matching-funds.

The effect of not meeting the required match can be costly and thus deserves the appropriate attention.

In a contract dispute with your funding source, we provide representation.

Should the case or dispute move to the level of an administrative law judge, we have the experience and specialized experts to guide our clients through the intricacies of the judicial system.

We provide the program and financial reporting training necessary

to assist your company with reporting in an accurate, current and complete manner.

How We Can Help

Our government contractor advisors include not only Certified Public Accountants (CPAs) but also team members with other credentials such as Certified Government Financial Managers (CGFM), Certified Fraud Examiners (CFE), and Registered Municipal Accountants (RMA). Our specialists maintain their knowledge of government regulations and maintain “Yellow Book” requirements through the completion of mandatory annual CPEs. Our professionals actively participate in various professional societies and industry-related associations that provide valuable insight to our clients. We have a vast resource of professionals to call upon from within our firm with specific industry exposure when necessary.