ROSE Insights

DCAA (Defense Contract Audit Agency) compliance refers to the standards and requirements set by the U.S. government to ensure accurate accounting and financial practices for contractors working with the Department of Defense (DoD). These regulations help verify that costs charged to government contracts are allowable, allocable, and reasonable. Achieving DCAA compliance requires maintaining strict internal controls, accurate timekeeping, and comprehensive cost accounting systems. Non-compliance can lead to contract penalties, loss of funding, or disqualification from future government projects. For GovCons, adhering to DCAA standards is crucial for securing and maintaining government contracts.

Discover how fractional CFO services for government contractors help optimize finances, scale operations, and drive sustainable growth.

The Corporate Transparency Act (CTA) will require most businesses in the U.S. to report Beneficial Ownership Information (BOI) to FinCEN. This article explores the details of the BOI reporting obligations, the significance of the regulation, and steps businesses can take to remain compliant with the new law.

By TED ROSE , ROSE FINANCIAL SOLUTIONS

Learn what Finance as a Service (FaaS) is and how FaaS accounting streamlines financial management for businesses seeking efficiency and growth.

Master nonprofit accounting with our guide to nonprofit accounting basics and best practices for improved financial management and success.

Learn the essentials of accounting for government contracts and how specialized government contract accounting ensures compliance and accuracy.

Explore the benefits of outsourcing accounting services and how accounting outsourcing can improve efficiency, reduce costs, and ensure compliance.