Caras & Shulman

About Since 1977, our unique CPA firm has helped government grantees and contractors navigate the complexities of the Federal Acquisition Regulation ( FAR ). We've helped our clients obtain and manage more than a billion dollars in federal grants and contracts from virtually every government agency. Our clients trust us to save them time, hassle and money. We enjoy an outstanding reputation and work on a first-name basis with most senior officials the NIH's Division of Financial Advisory Services ( DFAS ) as well as DoD auditors. We are expert in all of the government's nuanced financial terms and conditions, and have developed a national reputation for negotiating indirect rates. We make the audit and negotiation process simple, and in the process, we safeguard your resources and your reputation. Most Phase 2 grants and contracts contain terms and conditions that include the allowable costclause. As a result, your financial information ( including direct and indirect costs ) and the adequacy of your accounting system will be audited annually by either 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 Bookaudit if the grantee expends more than $500, 000 per year.

At Brady & Company P.C. our tax experts have years of consulting and auditing experience and will support you in all aspects of business management, from the everyday to the complex. Quality comes from experience- Find out more about our background and areas of expertise...