Contract & Regulatory Compliance
With new business ethics, compliance programs and mandatory disclosure requirements, contractors must manage while maintaining focus on operations.
Contract & Regulatory Compliance
Baker Tilly offers a robust array of services to help contractors proactively address compliance and minimize risk.
Due to recent implementation of new business ethics, compliance programs and mandatory disclosure requirements, government contractors face a daunting task. They must manage these efforts while maintaining their focus on organization operations.
Moreover, the growing pressure for increased Defense Contract Audit Agency and inspector general oversight means that contractors must act immediately to ensure government contract compliance and avoid the repercussions of an unfavorable government audit or Department of Justice referral.
Baker Tilly can provide your organization the following services to proactively address compliance and minimize risk.
- Broad and special purpose government contract compliance risk assessments, program assessment, development, and implementation
- Contract management assessments and best practices
- Outsourced or co-sourced internal audit services
- Federal acquisition regulation compliance
Understanding your contract risk profile
Although many factors can influence the nature and extent of government contract oversight, five have the greatest impact. They are interdependent on each other, and therefore must be considered individually and in the aggregate. Successful contractors use these factors as a tool to understand, anticipate, manage and mitigate government contract compliance risk.
Contractor size
Contract requirements/exemptions vary for smaller and larger firms, and for whether a firm is a contractor or a sub-contractor. Small businesses (meeting the Small Business Administration’s size standards) are exempt from some of the government’s most onerous regulations. As contractors grow, they can expect more regulatory burdens and more direct government oversight.