Government Contract Audits & Investigations
When contractors face an audit or investigation, Baker Tilly can help manage the process, reduce disruption and improve outcomes.
Government Contract Audits & Investigations
Government auditors and investigators often evaluate contractor costs and prices through a narrow, inflexible interpretation of contract and regulatory requirements.
Clients and their legal counsel rely on Baker Tilly’s experience with government audits and investigations to address document/data requests and respond to audit assertions or allegations.
Leading practices for navigating government audits
Though they play a crucial role in ensuring transparency, accountability and compliance, government audits can be an overwhelming and stressful process to navigate for contractors of any size. Whether you are entering into a new contract or confronting a government audit for an existing contract, knowing what to do before, during and after an audit is vital to enhance your decision-making, minimize risk and achieve resolution.
Government audits and investigations
Traditional financial statement audits conducted by independent CPA firms feel more like a trust but verify exercise. However, government audits and investigations are rigorously focused on rooting out noncompliance and irregularities, where “materiality is viewed narrowly. Government audits can occur at any time during the contract life cycle, and often many times. Investigations can be triggered by a suspicion, an audit referral, or a whistle-blower. Government audits and investigations often make contractors feel as if they are guilty until proven innocent.