Fed Talks: Accounting systems: the destination, not the journey

Fed Talks is a series of audio episodes featuring current issues in government contracting, offering thoughtful, bite-sized insights with rotating guests from inside and outside Baker Tilly.

On this episode of Fed Talks, we discuss accounting system audits and how accounting systems can be a strategic differentiator for government contractors, with Baker Tilly subject matter specialists Jennifer Flickinger and Jack Coviello.  Questions addressed include:

  • What actually is an accounting system audit and what are the different variations?
  • What recent developments in the industry have led to a renewed importance for system approvals?
  • How does the size and maturity of a contractor affect accounting system design and the ability to receive approval? 

Connect with us to hear more from our Government Contractor Advisory team.

Meet this episode’s guest speakers:

Jennifer Flickinger, Principal

Jennifer supports clients of all sizes with their government contract cost accounting, pricing, business systems, and Service Contract Act Compliance. Jennifer’s deep experience also includes forensic accounting, litigation support and expert testimony. She supports clients across many industries including aerospace & defense, IT services, healthcare, insurance, professional services, manufacturing and not-for-profits.

Jack Coviello, CPA, Senior Manager

Jack serves clients on a broad range of cost accounting and compliance issues, specializing in matters related to the Federal Acquisition Regulation, associated agency supplements, and the Cost Accounting Standards. He has worked extensively in indirect cost rate structuring and modeling, measuring cost impacts, and developing and reviewing contractor cost representations. He is also active in contractor business systems, helping clients develop, implement, and monitor policies and procedures and internal controls in the accounting, estimating, and purchasing business systems.

About the producer

Andrew Graziano, Senior Consultant

Andrew has been with Baker Tilly for over 2 years and has spent that time working with government contractors on a wide variety of compliance matters.  In particular, Andrew has experience with incurred cost proposals, indirect rate modeling, price proposal preparation, cost impact analysis, and commercial sales practice disclosures. In his spare time, he produces and edits this Fed Talks podcast.

Next episode: Beers with Brent #3: Does CAS make sense (featuring Nicole Owren-Wiest)

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Music Credit
Artist: Chael
Song: Sparks

Next up

Simon Oddy speaks to the Insurance and Law Today on their podcast about the effects of claims during COVID-19