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SF 1408 Checklist Explained – The Key to DCAA Compliance
By Paul Calabrese, Principal and Jennifer Arce, Principal Unlike fixed-price contracts—where the contractor bears the risk and compliance burden is lighter—cost-reimbursable contracts impose a high level of scrutiny and administrative oversight. Contractors must justify every expense, comply with strict rules under FAR 31.2, and prepare for continuous DCAA reviews. With this in mind, it is…
Critical Safeguards for Contractors Amid Rising Enforcement of the False Claims Act (FCA)
The False Claims Act (FCA) has long been a critical tool for the U.S. government in fighting fraud within federal contracting. Recently, heightened enforcement efforts by the Department of Justice (DOJ) and other federal agencies have led to significant settlements and a growing concern among government contractors. As these enforcement actions ramp up, it’s crucial…
Balancing Sustainability and Supply Chain Security in a Complex World
As the world shifts toward cleaner energy and more sustainability in business practices, the conversation around Environmental, Social, and Governance (ESG) is evolving. While organizations are under pressure to reduce carbon footprints and embrace green technology, they must also contend with complex supply chain dependencies and geopolitical tensions especially when it comes to securing the…
Defining Risk Appetite in a Politically Charged Landscape
Having a clearly defined risk appetite can help you respond to pressures with consistency and strategic alignment rather than making snap decisions.
Avoiding the Federal Funding Freefall: Strategies for Nonprofits
By Ariana Young, CPA, Senior Manager, Audit & Assurance, Tricia Katebini, CPA, MBA, Partner, Audit & Assurance, and Christian Spencer, Partner, Audit & Assurance Nonprofits across the United States are facing significant challenges as federal funding has been cut or reduced. This unprecedented move is affecting the ability of nonprofit organizations to provide services and…
Got funds? Critical Strategies for Associations Operating Reserves
For trade and professional associations, operating reserves serve as a financial safety net, providing stability and resilience in uncertain times. However, determining the right reserve level and making strategic use of those funds requires careful planning. In a recent webinar, experts from GRF CPAs & Advisors discussed how associations can optimize their reserves using Enterprise…
Enhance Trust and Security: The Advantages of SOC 2 Audits for Your Organization
Would you do business with an organization you don’t trust? Safeguarding the sensitive data your organization receives from donors, customers, employees, and other stakeholders is a strategic imperative today. That’s where a SOC 2 audit comes in. This audit assesses an organization’s controls related to security, availability, processing integrity, confidentiality, and privacy of customer data….
Key Takeaways from the GRF GovCon Summit
GRF held its first annual GovCon Summit on December 12, 2024. Led by Sue Chon, CPA, CFE, Partner, Audit & Assurance, the program focused on equipping government contractors with strategies to enhance their competitive edge in the marketplace heading into 2025. The summit gathered industry experts to explore critical topics such as the effective management…
Checklist for Optimizing Government Contractor Value
Written and edited by Mac Lillard. Research assistance by AI. High-Level Strategies for Financial, Operational, and Sustainability Excellence Government contractors planning for a sale must adopt a strategic approach to positioning themselves as attractive acquisition targets. In today’s competitive marketplace, just one to three years of improved earnings and/or operations prior to an exit or…
Using Business Valuations to Drive Performance
Written and edited by Mac Lillard. Research assistance by AI. In the dynamic world of small and medium-sized enterprises (SMEs), understanding the financial health and market position of your business is crucial. One key metric that often goes overlooked is the valuation of your business. Regularly monitoring your business valuation can provide useful insights that…
The Forensic Accountant: Your Secret Weapon for Thorough Due Diligence
A forensic accountant can enhance the valuation process, providing a credible and accurate assessment of the business’s value.