For large, well-established Department of Defense (DoD) contractors with Cost Accounting Standard (CAS) covered-contracts, implementing and maintaining key business systems is critical component for success and contract compliance. The required systems are often large, complicated and generally should be able to communicate with one another. The six key business systems that the DoD requires for large contractors are:
Each of these systems supports a critical activity needed to successfully execute large and complex DoD contracts. CGS can help contractors to review and assess whether their business systems are operating effectively and meeting the DoD’s requirements as set forth in the Defense Federal Acquisition Regulation (DFAR) clause.
Through a “Gap” analysis, CGS can identify potential weaknesses and/or non-compliance issues in the operation of the business system, and we can then assist the contractor with developing and implementing the appropriate internal controls and corrective actions to fully meet the DoD’s requirements. We can also perform follow-up reviews to confirm whether the improvements have been properly implemented and whether the improvements and enhancements are working as intended.
The Defense Contract Management Agency (DCMA) and the Defense Contract Audit Agency (DCAA) may also perform their own reviews or audits of the contractor’s business systems. CGS can help the contractor to prepare for these audits, support the audits by reviewing documentation and support prior to providing it to the auditors, and we can help to resolve any audit findings.
Please contact CGS today for further information on how we can assess your business systems, prepare for government audits and avoid disputes with the government.