A CASB Disclosure Statement is a form whereby a US Government Contractor discloses its cost accounting practices, for which it is required to demonstrate CAS compliance for the life of its active CAS (Cost Accounting Standards) covered awards. The CASB Disclosure Statement, otherwise known as DS-1, has a very rigid format with eight different parts: […]
Outsourced Internal Audit
Get Help Now
RKI offers outsourced internal audit services to those firms that desire supplemental coverage for their U.S. Government compliance risks or for firms who don’t have dedicated internal audit departments. RKI has worked with contractors as supplemental resources to augment their internal audit department and as a total outsourced department for monitoring U.S. Government contract compliance risks. Internal audit departments are often well staffed for financial reporting risks, however U.S. Government compliance risks may not be sufficiently mitigated. RKI offers a solution to these circumstances.
Internal audit reports are always requested by DCAA during their audits. While you may not be required to share all internal audit reports with DCAA, those with a nexus to their audit interests are very likely to be required requests. For this reason, it’s critical that all internal audit reports properly consider the potential impact to U.S. Government audit interests. Having a deep understanding of the connectivity between internal audit reports and your U.S. Government contracting portfolio is critical to preparing for DCAA audits.
Audit Frequently Asked Questions
Our team is skilled and experienced in navigating internal audit awards and the potential pitfalls that come with them.
STEPS TO SUCCESS
Stop Worrying About Internal Audits
We'll help you navigate your government contracting with confidence.
Make A Plan
Get Contract Success
Get The Help You Need
Government Contracting Has Never Been Easier
We'll work with you to ensure full compliance with your contracts, facilitating a long, lucrative partnership between your business and the US Government.