Government Contracting

FORVIS delivers assurance, tax, and advisory services to a multitude of government contractors.

We help government contractors adapt to industry changes, which is critical to their success in maintaining sustainability and turning a profit. We help with accounting systems, contractor purchasing & estimating systems, cybersecurity compliance, and cost accounting standards.

We collaborate with you to strengthen your processes and oversight around applicable FAR, CAS, and regulatory requirements so you can meet DCAA, DCMA, and SBA expectations.

When selling to the federal government, cost control, reporting, and documentation of all stages of the contract life cycle are critical. As compliance requirements, oversight, and cost pressures continue to increase, your company needs highly efficient operations, reasonable cost/price analyses, and robust accounting practices to succeed in this highly regulated and complicated environment.

Assurance

The government contracting assurance group at FORVIS leverages in-depth government contracting industry knowledge and experience with accounting and assurance principles. Our integrated approach delves into common pitfalls, government contract compliance issues, value drivers, and overall management and profitability considerations. As a result, our teams not only understand GAAP, GAAS, and revenue recognition issues, but also build into their processes and can assess a company’s compliance with significant areas of applicable regulations required by a company’s government contract and subcontracts.

Audits
Reviews and Compilations
System and Organization Controls (SOC) 1, 2, 3
General Examination
Supply Chain
Employee Benefit Plan Audits
Examination report for business system adequacy
- Accounting System (SF1408)
- Estimating System
- Purchasing System (CPSR)
- Earned Value Management System (EVMS)

Tax

Our government contracting tax group works closely with our assurance and advisory teams to understand the industry risks and influences on planning and compliance decisions. These often lead into indirect rate recovery, executive compensation, and allowability/allocability impact discussions.

Our tax services include the following:

Executive Compensation
Federal Corporate Tax
Financial Statement Tax Provisions
International Tax
M&A Tax Structuring
R&D Tax Credits
Sales & Use Tax
State & Local Corporate Tax
Tax Due Diligence
Tax Process Improvement & Automation
Transfer Pricing
Wealth Management

Advisory

FORVIS has an extensive government contracting advisory practice composed of professionals with significant experience in government contracts. We provide advice to our clients on finance, accounting, and compliance matters associated with government contracting and deliver comprehensive regulatory compliance services to a broad range of contractors, from some of the largest in the world to some of the smallest, emerging entities.

Accounting Systems
Business Systems
- Accounting
- Estimating
- Purchasing (CPSR)
- Materials Management Accounting (MMAS)
- Earned Value Management (EVMS)
- Government Property
Compensation/Talent
Contract Administration
Cost Accounting Standards
Cost Proposal Support
DCAA / DCMA
Government Contract Audit Support
Incurred Cost Submission
Indirect Rates/Cost Allocation
Regulatory Compliance (FAR, CAS, DFARS)
SBA Compliance
Subcontract Administration
CMMC (consulting and C3PAO certifications)
Litigation support
Dispute resolution
Request for equitable adjustments/claims
Internal audit and risk advisory
Contract closeouts
Outsource CFO services
Transaction advisory (financial and tax diligence, quality of earnings, tax structuring)
ERP services (evaluation, implementation, optimization)
Customized training