Our Government Grants and Contracts practice consists of a dedicated team of government accounting specialists, who understand the complex standards and regulations of government grants and contracts. HPG will help and guide you through the fiduciary and compliance reporting requirements.
The Team is focused on assisting companies comply with the independent audit requirements that accompany the Small Business Innovation Research (SBIR) grants and the Small Business Technology Transfer (STTR) grants. We also add value by assisting companies with the requirements contained in federal government contracts.
HPG’s team can assist by:
- Helping you determine whether the expenditure threshold triggering the independent audit requirement has been reached
- Providing “best practice” tools such as our proprietary internal control documentation tool
- Performing financial audits of the federal programs under “Government Auditing Standards”
- Performing reviews and audits of financial statements, in accordance with accounting principles generally accepted in the United States of America
HPG’s team is “yellow-book” qualified, having met the continuing professional education requirements required by Government Auditing Standards. Our firm is also compliant with the Quality Control Standards required by Government Auditing Standards. A copy of our peer review letter is available here.