How Government Contractors Can Ensure Audit Success

The need for reliable, accessible and traceable data that reconciles internal billing information with federal contracts, and with annual estimates of expenses, is of critical importance to federal government contractors who do business with the Department of Defense (DoD).

By far the largest hurdle for small to midsized government contractors to overcome is the requirement to provide excruciating detail about the direct, indirect and overhead expenses associated with every item billed to the government in fulfillment of specific contract awards. Government contractors must capture all costs associated with goods and services sold to federal agencies and departments, and back up those amounts with supporting accounting records.This white paper discusses ways that government contractors can ensure audit success.

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