Capabilities

Our contractor business systems and internal controls solutions are based on three fundamental activities: assessment, improvement, and monitoring. In the assessment phase we perform assessments identifying gaps with the key regulatory criteria. During the improvement phase we implement corrective actions which address the gaps identified in the assessment phase. Typically improvement activities may include, training personnel, documenting workflow, policies, procedures and practices and responding to Government inquiries. Finally, the monitoring phase emphasizes periodic assessment of key controls for compliance with the regulations and company policy. Solutions include: 

  • Government contracts risk assessments
  • Contractor business systems including:  Accounting and related subsystems; Estimating; Purchasing; Earned Value; Material Management and Property Management
  • Internal control prioritization, planning and optimization
  • Other areas including: contract analysis, intercompany transactions, mandatory disclosure, contract close-outs, reserve analysis and more

Solutions

Contractor Business Systems

Let Crosshair Advisors perform a gap analysis on key Government compliance business systems for home offices and segments. Our business system experience extends to accounting, estimating, labor, budgeting, direct/indirect costs, Government property, purchasing, and material management. Engagement observations are used to address gaps and facilitate compliance with DFARS contractor business systems requirements. Our customizable tools quickly and efficiently assess, test and substantiate system controls and may range from:

  • Assessing the system design effectiveness
  • Testing the operational effectiveness
  • Gauging compliance with the specified system criteria
  • Delivering actionable implementation plans

Engagement outputs may include: Risk identification, rating and prioritization; Design of internal audit program and supporting audit work plans; Staffing and skills assessment; and Activities, analyses and outcome commensurate with the audit activity.

Risk Assessment & Key Controls

Whether you require an end-to-end Government contracting internal audit program at the enterprise, business unit or functional level or a subject matter resource to support specific audits or risk assessments, Crosshair Advisors can help with understanding the unique organizational and compliance risks inherent in U.S. Government contracts.  Crosshair Advisors can help rate and prioritize your internal audit planning or we can apply our resources to one or more internal audits, phases or functions of a broader program