Cost Accounting
For more than 40 years, McKenna Long & Aldridge (MLA) has provided comprehensive coverage of every aspect of the government contract financial issues, including financially-based civil and criminal fraud matters. We bring extensive and in depth experience to every element of contract pricing, costing, payment and funding; whether the issue arises under a contract, grant, cooperative agreement or “other transaction.” We have litigated these types of cases before the Boards of Contract Appeals, the Court of Federal Claims, the Court of Appeals for the Federal Circuit and, in the fraud arena, before federal district courts and courts of appeal across the U.S.
Services Include:
- Assisting clients in responding to, and resolving issues raised in, audit reports issued by the Defense Contract Audit Agency (DCAA) or other government auditors including access to records issues;
- All requirements of the Cost Accounting Standards (“CAS”);
- All requirements of the “Cost Principles” in FAR Part 31 and OMB Circulars;
- All requirements of the Truth in Negotiations Act (“TINA”);
- Defending False Claims Act cases, including those initiated by whistleblowers (qui tam);
- All requirements of the Anti-Deficiency Act;
- All requirements of appropriations law;
- Pricing, negotiating and litigating equitable adjustment requests or claims;
- Preparing CAS Disclosure Statements;
- Assisting client preparation of incurred cost submissions;
- Effectively integrating generally accepted accounting principles with government contract accounting requirements, to support accounting positions under government contracts and accounting for financial reporting purposes; and
- Effectively counseling and litigating complex, cutting edge issues relating to pension costs, independent research and development costs, merger and acquisition costs, deferred compensation costs, environmental clean up costs, time and material contract pricing and overhead and corporate expense allocations.