Government Contract Compliance:

Situation: Due to several reorganizations, changes in the business environments and a transition from government contracting to commercial business this company had fallen drastically behind in it's required actual cost submissions to the government's Defense Contracting Audit Agency (DCAA), audits were four years in arrears and contract close outs were even further behind.

IntegraGroup's Role: Engaged to direct and support the company's accounting department, IntegraGroup managed the DCAA audit of all prior periods. We redesigned the accounting system and established a cost pool and allocation base structure, which allowed the company to function in both a commercial, and government business environment. Cost plus, time and material and fixed price contracts were all managed within a single system. We also supported the close out process of nearly 50 different contracts spanning a twelve-year period.

Conclusion: The company was able to return to full compliance in its government contract accounting. We were able to bill prior period costs incurred on certain contracts where funding was still available and the company collected cash on old contracts.