) Think of
us as your accounting department. Your CFO,
controller or bookkeeper. To whatever degree
you need us, Jameson & Company can help.
Everything we do is tailored to your specific
needs. Our fees are fixed, fully recoverable,
and can be built into your company’s
indirect cost structure.
) We assist clients with a range of hands-on services:
Quarterly
Review Services — for clients
who have basic accounting functions covered
in-house, but need oversight and assistance
with government accounting specifics
Outsource
Services — for clients who
need a complete accounting and bookkeeping
solution
Start-Up
Services — for clients in
Phase 1 of their grants, who need a low-cost
solution to ensure compliance and prepare
for Phase 2
) We assist clients with a range of hands-on services:
Quarterly
Review Services — for clients
who have basic accounting functions covered
in-house, but need oversight and assistance
with government accounting specifics Outsource
Services — for clients who
need a complete accounting and bookkeeping
solution Start-Up
Services — for clients in
Phase 1 of their grants, who need a low-cost
solution to ensure compliance and prepare
for Phase 2
Most Phase 2 grants and contracts contain terms and conditions that include the “Allowable Cost” clause. As a result, your financial information (including direct and indirect costs) and the adequacy of your accounting system will be audited annually by either the Division of Financial Advisory Services (DFAS) or Defense Contract Audit Agency (DCAA), depending on the funding vehicle.
Our core services include preparing all the necessary documents, and representing you during these audits.
In addition to the annual incurred cost audit, the National Institutes of Health (NIH) and several other agencies may require a program-specific audit — an OMB A-133 or “Yellow Book” audit — if the grantee expends more than $500,000 per year.
Depending on how our relationship is structured, Jameson & Company can either perform these program-specific audits for you, or represent you in an audit performed by another firm.
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