DCAA Compliance Blog

Your Source for DCAA News and Information for Contractors

ReliAscent® LLC is the only government contract accounting firm that specializes in all aspects of government contracting compliance.  From our DCAA compliant accounting services, to monthly government contract accounting for all government agency awards, contract management & administration, and financial services & planning, our goal is to ensure the success of our clients, and all small business government contractors and grantees.  

In our DCAA Blog, we discuss the latest government contracting news from the Federal Government, the DCAA, and DCMA, as well as promotions offered by ReliAscent, and helpful tools and resources for contractors.

We hope you will visit and take part in the discussions on our blog on a regular basis. If you ever have any questions or would like to discuss how our experts can help, do not hesitate to contact us at any time!  


 

ReliAscent Partners with Clausen & Associates CPA

Posted by Tyler Link on Wed, Jan 20, 2016 @ 01:00 PM

ReliAscent is happy to announce that we've partnered with Clausen & Associates CPA, a firm that specializes in single and program specific compliance audits for Federal Awardees. 

Because of our great experiences with Clausen, their proactive and responsive approach with clients, high quality, timely service and in-depth audit experience (especially with NIH and DoE grantees), we are happy to call them our partner! Furthermore, we would like to personally recommend their services to any of our clients or any NIH or DoE grantees needing an audit.

Single and Program Specific Compliance Audits

"Why are They Important to Grantees?"

Government Grantees (particularly those working with the NIH or DoE), are often unaware that as soon as they receive a certain level of federal funding in a calendar year, that they are required to undergo, and pay for, frequent audits of their accounting system. A non-Federal entity that expends $750,000 or more in Federal awards during that entity's fiscal year must have a single or program-specific audit conducted for that year in accordance with the provisions of OMB’s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), in 2 CFR part 200.

Contractors and Grantees that do not comply with these requirements face the threat of suspended funding, and may even risk losing future awards. Don't let this happen to your business!

In the coming months, ReliAscent will release blogs and send out occasional email reminders on important news and updates related to audits & audit deadlines, the NIH and DoE, and how our friends at Clausen can help grantees.

If you have any questions about their services or these types of audits, please feel free to contact Clausen & Associates CPA, or your friends at ReliAscent.

Topics: DoE Accounting, NIH Accounting, NIH Compliance, NIH Audits, DoE Audits, DoE Program Specific Audit, CPA for NIH Grantee, Federal Government Program Specific Audits, Compliance Audits for Federal Awardees, NIH Program Specific Audit, 750k audit threshold NIH, CPA for DoE Grantee, 750k audit threshold DoE grant