Policies and Procedures: A Road Map to Continued Compliance for Government Contractors
For government contractors, written policies and procedures are a vital component of both contract compliance and sound business management. Policies set controlling principles and direction for your company. Procedures create road maps for managing your business and reaching your goals.
DCAA and DCMA – the two agencies that audit government contracts most frequently – judge effective policies and procedures as a first line of defense against fraud and waste. Auditors will require evidence that you have established policies and procedures and that everyone in your organization follows them consistently.
Most contractors need both administrative and accounting policies and procedures to meet government contract compliance requirements.
How we can help
The government accounting and compliance experts at Left Brain Professionals know government contracts and what it takes to manage them profitably.
We can help you stay in compliance and survive audits by setting up policies and procedures for accounting systems and management controls. We can:
- Determine which policies and procedures you are required to establish and document.
- Evaluate your current written policies.
- Recommend new policies.
- Train your employees in following and documenting policies and procedures.
- Left Brain Pro Website:
- Resources: Accounting Policies and Procedures
- Answers Blog:
- Begin Planning Today for DCAA and DCMA Contract Reviews
- Federal Government Resources:
Ready to get more information?
Contact us now or schedule one-on-one time to learn more about how policies and procedures impact your government contracts.