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ESTABLISHED DEFENSE CONTRACTORS
Government Contractor Accounting & Advisory Services
Government contractors operate in an environment where accounting systems, cost structures, and documentation practices must support federal contract requirements.
As contract activity increases, contractors may need to maintain structured processes for tracking costs, labor, indirect rates, and supporting documentation used in government contract performance and reviews.
Abuan CPA Corp. provides accounting and advisory services to help contractors organize and maintain financial systems aligned with federal contracting environments.
WHO THIS IS FOR
Is This You?
You may already be operating in the federal space and need support with accounting structure, cost tracking, or reporting requirements.
This may include:
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Established government contractors managing multiple contracts
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Subcontractors supporting prime contractors
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Companies scaling federal contract activity
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Contractors responding to government information requests
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Organizations reviewing or improving accounting system structure
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Businesses preparing for increased reporting or oversight requirements
We work across a range of industries, including:
Professional Services Firms
Engineering Companies
Information Technology Contractors
Management Consulting Firms
Defense Contractors
Research & Development Organizations
SBA 8(a) Program Participants
SDVOSB, WOSB & HubZone Businesses
WHY THIS MATTERS
Government Contract Accounting is Different
Many contractors enter the federal marketplace with accounting systems originally designed for commercial business operations. As contract activity grows, those systems must support more detailed cost tracking and documentation — and the requirements only increase with complexity.
Without proper structure, contractors may encounter challenges such as:
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Difficulty tracking and segregating direct and indirect costs at the contract level
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Identifying and addressing potentially unallowable costs
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Establishing and maintaining indirect rate structures
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Inconsistent labor charging and timekeeping documentation
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Preparing accurate incurred cost submissions
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Gaps in documentation requested during government reviews
These issues typically become more visible as contract activity and oversight increase — and addressing them early can help contractors maintain organized records and respond more effectively to government inquiries.
HOW WE HELP
Advisory Services for Government Contractors
Government contractors face accounting, pricing, and reporting requirements that often extend beyond traditional bookkeeping and tax services. Our services are designed to help contractors organize accounting systems, cost structures, and supporting documentation throughout the contract lifecycle.
Important: All services are accounting, advisory, and consulting engagements. The firm does not perform independent financial audits or issue attest reports. "DCAA Audit Support" refers to advisory assistance during government reviews. No specific outcome, approval, or finding is guaranteed.
Government Contract Accounting
Accounting processes designed to support federal contracting requirements.
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Contract bookkeeping
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Job costing and project accounting
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Direct and indirect cost segregation
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FAR Part 31 cost allowability guidance (as part of broader accounting support)
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Financial reporting support
Ideal for new and growing contractors
Accounting System Readiness
Advisory support to help prepare your accounting system for adequacy under applicable FAR and DFARS requirements — whether facing a pre-award survey or post-award accounting system review.
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Pre-award survey preparation
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Post-award system review preparation
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Cost segregation and allocation review
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Labor distribution and timekeeping review
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Unallowable cost identification
Pre-survey preparation
DCAA Audit Support Services
Advisory assistance organizing documentation and responding to DCAA requests during a review.
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Document request support
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Indirect rate support
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Accounting records organization
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Response assistance
Advisory assistance during DCAA reviews only — not independent financial audits. No specific outcome is guaranteed.
Forward Pricing Rate Proposals (FPRP)
Support for development of forward-looking indirect rate projections and supporting schedules.
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Historical financial analysis
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Indirect rate projections
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Forecast development
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Supporting documentation
Documented rate support
Incurred Cost Submissions (ICS)
Support for preparation and organization of annual incurred cost submissions.
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Final indirect rate calculations
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Schedule preparation
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Unallowable cost analysis
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Supporting documentation
Organized submission support
Indirect Rate Calculations
Support for development and maintenance of indirect rate structures used for pricing, budgeting, and contract management.
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Fringe and overhead rate calculations
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G&A rate calculations
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Cost pool development
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Allocation base analysis
Supportable proposal pricing
Timekeeping & Labor Charging
Evaluate and improve timekeeping procedures, labor charging practices, and internal controls.
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Timekeeping procedure assessment
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Labor charging evaluation
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Internal control recommendations
Labor documentation support
FAR Part 31 Cost Allowability Advisory
For contractors who need a dedicated cost allowability review independent of a broader accounting engagement.
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Cost allowability assessment
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Unallowable cost identification
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Cost classification review
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Advisory recommendations
Risk areas identification
CAS Disclosure Statement Preparation
Support related to Cost Accounting Standards Disclosure Statements.
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CAS applicability analysis
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Modified vs. full coverage determination
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Initial and revised disclosure statement preparation
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Cost accounting practice change assessment
For growing contractors
WHY WORK WITH ABUAN CPA CORP.
Nearly 20 Years with DCAA
The firm is led by a California CPA who spent nearly 20 years with the Defense Contract Audit Agency (DCAA), serving as a Senior Auditor and later as an Investigative Support Auditor.
Experience included performing audits of:
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Contractor accounting systems
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Incurred cost submissions
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Price proposals
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Forward pricing rate proposals
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Cost Accounting Standards (CAS) compliance
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Disclosure statements
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Termination settlement proposals
Experience also included conducting:
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Pre-award accounting system surveys
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Labor floorchecks
This experience provides firsthand insight into the accounting practices, documentation, and internal controls commonly evaluated during government reviews.
Professional Services & License Disclosure: Abuan CPA Corp. is a California CPA firm providing accounting, bookkeeping, tax preparation, consulting, and advisory services. The firm's shareholder holds a California CPA license. The firm's services are within the scope of general accounting experience and do not include attest engagements. The firm does not perform government audits, issue government approvals, or certify regulatory compliance. The firm does not provide audit, review, compilation, or other attest services and does not issue reports on attest engagements.
"DCAA Audit Support" refers exclusively to advisory and consulting assistance provided to clients during audits conducted by the Defense Contract Audit Agency or other government agencies — not the performance of independent financial audits by this firm. Advisory services are intended to help clients strengthen accounting practices and prepare for government reviews. Outcomes are subject to determination by the relevant government agency. No specific outcome, approval, or finding is guaranteed.