GovCon Wednesdays Estimated Read Time: 5 minutes Most government contractors don’t fail audits because of fraud or bad intent. They fail because their accounting systems show control weaknesses that create risk for the government. Auditors are trained to spot these risks quickly. Certain system red flags immediately trigger deeper testing, additional documentation requests, or formal findings even when total costs appear reasonable. Understanding these red flags is one of the most effective… Read More
Accounting Blog | Fairfax VA CPA firm