THE PROCUREMENT GROUP
Business System Support
Government contractors are required to maintain adequate business systems. The U.S. government will refer to business systems audits in U.S government contracts by incorporating the Federal Acquisition Regulation (FAR) and Defense Federal Acquisition Regulation Supplement (DFARS) clauses. The Defense Contract Audit Agency (DCAA) has primary responsibility for conducting audits for several business systems. The primary objective of a business system audit is to examine your compliance with the criteria. The agency’s audit approach includes obtaining and documenting an understanding of relevant portions of your system’s internal controls.
It is important to validate the auditors’ understanding of your business’ system. Misunderstandings can result in otherwise avoidable audit findings that, once included in a report, can be difficult to get rescinded.
Reports that include significant deficiencies or material weaknesses, which were identified during an audit related to your compliance with business system criteria, can result in:
- System disapproval
- Withholding of interim payments and financing
- Additional administrative burden
- Problematic negotiations and
- Potential non-award of future contracts
The Procurement Group has experience providing business systems support and various other reporting requirements to small, medium, and large companies across various sectors.
The Procurement Group guides clients through the following:
- Contractor Purchasing System Review (CPSR)
- DCMA 640 Small Business Review
- MAAR 13 – Purchase Existence and Consumption audits
- Small Business Subcontracting Plan preparation and review
- Small Business Utilization Plan preparation and review